Bitwise Asset Management announced the launch of a new exchange-traded product (ETP) focused on staking the Aptos network's native token, available on the SIX Swiss Exchange under the ticker 'APTB'. This is the first product of its kind globally.
The ETP’s Staking Model and Investor Benefits
Staking allows token holders to earn rewards by helping validate transactions on Proof of Stake (PoS) networks like Aptos. Bitwise’s ETP structure enables investors to indirectly stake their holdings through a secure and regulated framework, bypassing the technical complexities typically involved in staking.
Major Milestone for Aptos Staking on a Regulated Market
The Aptos Staking ETP (APTB) offers regulated market access to staking for both retail and institutional investors. Since its 2022 launch, the Aptos blockchain has gained significant traction, integrating with major players like Microsoft, Amazon, and Mastercard.
A Potential Shift in Staking Regulations in the U.S.
With recent regulatory developments in the U.S. such as the approval of Bitcoin and Ethereum spot ETPs, staking is also under close watch. Although staking-based products are currently prohibited in the U.S., changes in the regulatory landscape may create new opportunities.
The Aptos Staking ETP by Bitwise is the latest addition to the company's growing lineup of crypto products aimed at European investors. With this and other offerings like the Ethereum Staking ETP, Bitwise continues to expand its footprint in the crypto investment market.
