Bitwise Asset Management Announces the Launch of the World's First Aptos Staking ETP

The financial instrument will debut on the SIX Swiss Exchange on November 19, 2024, tickered as APTB.

Digital asset investment firm Bitwise has announced the launch of the world’s first Aptos Staking ETP (exchange-traded product). The financial instrument will debut on the SIX Swiss Exchange on November 19, 2024, under the ticker symbol APTB.

The new product will enable investors to gain exposure to Aptos (APT) while earning staking returns. The launch of APTB also marks a major expansion for Bitwise’s European presence.

“The Aptos Staking ETP is designed for forward-thinking institutional investors and crypto-savvy individuals who are looking for a high-quality way to get exposure to this promising blockchain through a regulated wrapper. We’re excited to be introducing APTB with a primary listing on SIX Swiss Exchange,” said Bradley Duke, Head of Europe at Bitwise.

Bitwise has designed APTB to generate a net return of approximately 4.7% through staking. This process involves “staking” the Aptos held within the ETP, which allows the token holders to validate blockchain transactions and receive additional tokens as a reward.

The Aptos Staking ETP joins Bitwise’s lineup of ten digital asset offerings in Europe, which now includes ETPs on Bitcoin (BTC), Ethereum (ETH), and Aptos staking. Following its initial listing on the SIX Swiss Exchange, Bitwise intends to expand APTB to other European stock exchanges. This move marks another milestone for the asset manager in the increasing accessibility and appeal of digital asset investments in regulated European markets.

After acquiring ETC Group in August 2024, Bitwise has been rapidly expanding its portfolio of physically backed ETPs, notably including BTC, ETH, and now Aptos staking options.

This development further strengthens Bitwise’s presence in Europe’s digital asset market. Hunter Horsley, CEO and co-founder of Bitwise, highlighted Bitwise’s role in helping investors navigate and access opportunities within the emerging digital asset class.

“With the launch of Bitcoin and Ethereum spot ETPs in the US, a large cross-section of investors have started researching and adding digital assets to their portfolios this year,” said Horsley.

According to the Aptos Foundation, the network has grown to over 8 million monthly active users and processed nearly 2 billion transactions, with support from major institutional investors like Andreessen Horowitz and PayPal Ventures, and large financial institutions and consumer brands integrating their systems with the platform.

The launch also comes amid increasing interest in staking services for altcoins from major digital asset managers. Several firms, including Grayscale Investments, are now offering staking options for select altcoins as part of a shift toward staking-focused products.

BeInCrypto data shows APT rising by over 8% on this news, following the broader market surge. At the time of writing, the altcoin trades at $12.23.