Bitwise Designed APTB ETP For Institutional And Retail Investors Trading Via Regulated Markets

Aptos launched in 2022, two and a half years after Solana, and seven years after Ethereum. The Layer 1 blockchain has been praised for its breakthrough

Bitwise, a crypto specialist asset manager, has announced the launch of a new Aptos Staking Exchange Traded Product (ETP) on the SIX Swiss Exchange. The product, which will trade under the ticker symbol APTB, is designed to provide investors with exposure to the performance of the Aptos blockchain while also staking their underlying tokens to generate rewards.

The ETP is physically backed by Aptos tokens, which will be staked by Bitwise to generate rewards from the blockchain. These rewards will be reinvested and credited to the ETP on a daily basis. The benchmark for the ETP is the Compass Aptos Total Return 90% Index, provided by Compass Financial Technologies SA. The index measures the return generated by an investment in Aptos while staking on the Aptos blockchain. Ninety percent of the index is staked, and staking rewards are compounded daily.

The launch of the APTB ETP will be celebrated with a bell-ringing ceremony at the Zurich Stock Exchange on 25 November. Representatives from the Aptos Foundation and the broader Aptos ecosystem will join Bitwise at the event, including Hunter Horsley, CEO and co-founder of Bitwise.

The addition of the Aptos Staking ETP brings Bitwise's total number of ETPs in Europe to 10. The company's suite of products includes the largest and most liquid physically backed bitcoin ETP (BTCE) and its fast-growing Ethereum Staking ETP (ET32). Following the launch at SIX, Bitwise plans to list the ETP on other leading European stock exchanges.

Key Product Details

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Bitwise Europe Launches Aptos Staking ETP on SIX Swiss Exchange

Zurich, Switzerland, 23 November 2023, Chainwire — Bitwise, a crypto specialist asset manager, today announced the launch of a new Aptos Staking Exchange Traded Product (ETP) on the SIX Swiss Exchange. The product will trade under the ticker symbol APTB and provide investors with exposure to the performance of the Aptos blockchain while also staking their underlying tokens to generate rewards.

The ETP is physically backed by Aptos tokens, which will be staked by Bitwise to generate rewards from the blockchain. These rewards will be reinvested and credited to the ETP on a daily basis.

The benchmark for this ETP is the Compass Aptos Total Return 90% Index, provided by Compass Financial Technologies SA. The index measures the return generated by an investment in Aptos while staking on the Aptos blockchain. Ninety percent of the index is staked, and staking rewards are compounded daily.

This press release features multimedia. View the full story on Chainwire at:

https://chainwire.com/news/bitwise-launches-aptos-staking-etp-on-six-swiss-exchange-with-more-european-listings-to-follow/

Aptos, a Layer 1 blockchain known for its high throughput and low latency, launched in 2022. It is designed to support enterprise-scale applications and is backed by Andreessen Horowitz, Apollo Global Management, PayPal Ventures, and Franklin Templeton Investments, among others.

When token holders stake their tokens to validate transactions on a Proof of Stake (PoS) blockchain network such as Aptos, they contribute to the security of the blockchain and receive additional tokens as rewards. More information is available in Bitwise's digital assets staking guide.

Bitwise's acquisition of ETC Group in August, and the recent acquisition of institutional staking provider Attestant, has brought its combined client assets to over $10 billion. The company now plans to rebrand its European crypto ETP portfolio and expand its European platform while continuing to issue new institutional-grade products for European investors.

About Bitwise

Bitwise is one of the world's leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with Bitwise to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, hedge fund strategies, and staking solutions - spanning both the U.S. and Europe.

In Europe, for the past four years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe's largest and most liquid bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

This family of crypto ETPs is domiciled in Germany and approved by BaFin. Bitwise exclusively partners with reputable entities from the traditional financial industry, ensuring that 100% of assets are securely stored offline (cold storage) through regulated custodians.

Bitwise's European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to