Zurich-based Bitwise Asset Management is to launch a bitcoin ETP based around the Aptos platform on Six Swiss Exchange on November 19, 2024.
The ETP will track the underlying Aptos and aims to generate returns of approximately 4.7% net of fees, which will be accumulated directly within the ETP.
Aptos launched as a blockchain in 2022, two and a half years after Solana, and seven years after Ethereum, and now has over 8 million monthly active users.
The Aptos Staking ETP is the second to be launched as part of Bitwise’s European Total Return product suite.
Hunter Horsley, CEO and Co-Founder at Bitwise: “For seven years, Bitwise has been a dedicated partner to investors working to understand and access the opportunities in the new crypto 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. We’re thrilled to now be able to launch the Bitwise Aptos Staking ETP to expand access to one of the most exciting next generation blockchains in the space.”
