Bitwise Launches Aptos ETP, Boosting European Crypto Offerings

Bitwise Asset Management, a prominent digital asset investment firm, 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, tickered as APTB.

Bitwise Plans An Aptos Staking ETP

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

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

Bitwise designed APTB to generate approximately 4.7% in net returns through staking. This process involves “staking” the Aptos held within the ETP. This allows token holders to validate blockchain transactions and receive additional tokens as rewards.

The Aptos Staking ETP joins Bitwise’s suite of digital asset offerings in Europe, which now includes ten ETPs. Following its initial listing on the SIX Swiss Exchange, Bitwise has made clear its intentions to expand APTB to other European stock exchanges. For the asset manager, this marks another milestone in the growing accessibility and appeal of digital asset investments in regulated European markets.

Following the company’s acquisition of ETC Group in August 2024, Bitwise has quickly extended its portfolio of physically-backed ETPs. Specifically, it includes Bitcoin (BTC), Ethereum (ETH), and now Aptos staking options.

This development further cements Bitwise’s foothold in Europe’s digital asset market. Hunter Horsley, CEO and co-founder of Bitwise emphasized Bitwise’s role in helping investors navigate and access opportunities within the growing digital asset class.

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

According to the Aptos Foundation, the network has grown to more than 8 million monthly active users and processed almost 2 billion transactions. This is amidst support from notable institutional investors like Andreessen Horowitz and PayPal Ventures. Large financial institutions and consumer brands are already integrating their systems with the platform.

The launch also arrives amidst broader interest in staking services for altcoins among leading digital asset managers. Firms like Grayscale Investments are also beginning to offer staking options for select altcoins as part of a shift toward staking-focused products.

BeInCrypto data shows APT is up by over 8% on this news, in line with the broader market surge. As of this writing, the altcoin is trading at $12.23.