Highlights:
- Bitwise launches the first Aptos Staking ETP, offering 4.7% net fee returns.
- Bitwise expands its European presence with nine new crypto ETPs and $4.5 billion in assets.
- Aptos ETP aligns with Bitwise’s mission to broaden access to next-gen blockchain investments.
Bitwise asset management launches Bitwise Aptos Staking ETP, which will begin trading on the Swiss Stock Exchange on November 19, 2024.APTB is a physically backed product that uses APT to earn a net fee return of around 4.7%. The ETP collects deposits, enabling investors to invest in Aptos and receive staking rewards.
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Bitwise Asset Management announced that the new Bitwise Aptos Staking ETP is scheduled to be listed on the Swiss Stock Exchange on November 19, 2024. The product will be the world's first Aptos Staking ETP. APTB is physically backed and will stake the underlying Aptos to generate…
— Wu Blockchain (@WuBlockchain) November 12, 2024
Listed investment options, ETPs often include ETFs. Bitwise introduced its Aptos Staking ETP following the successful rollout of its ET32, which now boasts over $50 million in AUM. Aptos is a relatively new Layer 1 blockchain launched in 2022 by the team behind Meta’s blockchain division. It quickly gained popularity, having over 8 million monthly active users, and hit the radar of venture capitalists.
Bitwise Expands in Europe with New Crypto ETP Offerings
Bitwise CEO and Co-Founder Hunter Horsley expressed his pleasure in introducing the Bitwise Aptos ETP. He pointed out that with the launch of Bitcoin and Ethereum spot ETPs, many investors have exhibited more interest in digital assets this year. The new Aptos ETP has also raised the goal of opening up new blockchain investment next-generation opportunities. Which is close to Bitwise’s mission of providing more crypto investing options.
In August, Bitwise expanded its European reach by acquiring London-based ETC Group, an ETP issuer managing over $1 billion in assets. This acquisition allowed Bitwise to list nine new European crypto ETPs, bringing its total assets under management to more than $4.5 billion. The firm’s Bitcoin ETF has grown to nearly $2 billion in assets, becoming among the 25 fastest-growing ETPs ever. Bitwise also launched its first spot in July, Ethereum ETP, which attracted over $300 million within a few weeks.
Bitwise Leads in Crypto ETP Innovation and Global Market Access
In the last four years, Bitwise has developed a solid list of crypto ETPs in the European market. This list consists of Europe’s Biggest Bitcoin ETP and the First Crypto Basket ETP linked to an MSCI index. Bitwise cooperates with financial advisors and family offices and helps institutional investors gain access to the crypto market.
The listing of the Bitwise Aptos ETP is proof of its commitment to achieving growth and enhancing opportunities for crypto investment. If other investors are seeking more ways to invest in the digital asset space, Bitwise remains geared to deliver sophisticated solutions that fit that landscape.
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