Bitwise Asset Management has announced the upcoming listing of the Bitwise Aptos Staking ETP on the SIX Swiss Exchange on November 19, 2024. This will be the first staking ETP for Aptos in the world.
The product has been designed to be accessible to both institutional and retail investors through regulated markets.
It will utilize top-notch entities including a custodian, auditor, administrator, and staking infrastructure.
As a physically backed ETP, returns (net of fees) of approximately 4.7% will be generated through staking the underlying Aptos, with these returns being directly accumulated within the ETP.
Aptos, a high-performance Layer 1 blockchain, was launched in 2022, and has been praised for its breakthrough performance that allows for large-scale applications.
