It adds to Bitwise’s roster of European staking ETPs. Staking is still prohibited in ETPs listed in the United States.
Asset manager Bitwise has launched the first exchange-traded product (ETP) holding staked APT, the Aptos network’s native token, according to a Nov. 12 announcement.
The Bitwise Aptos Staking ETP (APTB) will list on SIX Swiss Exchange on Nov. 19, Bitwise said. It will be available to institutional and retail investors in Europe.
The ETP “is physically backed, and will stake the underlying Aptos to generate returns of approximately 4.7% net of fees, which will be accumulated directly within the ETP,” Bitwise said.
