Bitwise Asset Management announced the launch of a new exchange-traded product (ETP) centered around staking the Aptos network's native token.
ETP Staking Model and Investor Benefits
Staking allows token holders to earn rewards by helping validate transactions on Proof of Stake (PoS) networks like Aptos. Unlike traditional dividend returns in equities, staking returns come in the form of additional tokens. Bitwise's ETP structure enables investors to stake indirectly through a secure and regulated framework, bypassing the technical complexities typically involved in staking.
Major Milestone for Aptos Staking on a Regulated Market
The Bitwise Aptos Staking ETP (APTB) offers regulated market access to staking for both retail and institutional investors. Bitwise CEO Hunter Horsley highlighted the product's role in expanding access to next-generation blockchain assets. Since its 2022 launch, Aptos has rapidly gained traction with over 8 million monthly active users, integration with major players such as Microsoft, Amazon, and Mastercard, and over 1.7 billion transactions.
Potential Shift in U.S. Staking Regulations
Recent regulatory developments in the U.S., such as the approval of Bitcoin and Ethereum spot ETPs, have sparked interest among crypto stakeholders to see if staking will become viable for U.S.-based ETFs. Although staking-based financial products are currently prohibited in the U.S., upcoming changes in the regulatory landscape might create new opportunities.
With the launch of the Aptos Staking ETP, Bitwise expands its lineup of crypto products for European investors, pioneering new frontiers in next-gen blockchains. Europe remains at the forefront of staking-focused products.
