Bitwise To Debut World’s First Aptos Staking ETP in Switzerland

Key Takeaways

• Bitwise will be launching its tenth exchange-traded product in Europe.
• The U.S. crypto specialist said its Bitwise Aptos Staking ETP is a world first.
• Bitwise’s new staking ETP is launching on the SIX Swiss Exchange on Nov. 19.

Bitwise has announced it will be launching the world’s first Aptos staking exchange-traded product (ETP) in Switzerland.

The move comes just months after the U.S. crypto specialist purchased London-based ETC Group in August.

Swiss ETP

The Bitwise Aptos Staking ETP (APTS) will list on the SIX Swiss Exchange on Nov. 19, becoming the firm’s tenth ETP in the EU.

APTB is physically backed and is expected to stake the underlying Aptos (APT) to generate returns of approximately 4.7% net of fees, which will be accumulated directly within the ETP.

ETPs are the term given to investment products listed on exchanges that also feature ETFs.

The APTS is the second in Bitwise’s European Total Return product suite, following the release of ET32, which recently surpassed $50 million in assets under management.

Launched in 2022 by the team that led Meta’s blockchain initiative, Aptos is a Layer 1 blockchain with over eight million monthly users and has become somewhat of a venture capitalist darling.

“With the launch of Bitcoin and Ethereum spot ETPs in the U.S., a huge cross-section of investors have begun researching and adding digital assets to their portfolios this year,” said Hunter Horsley, CEO and Co-Founder at Bitwise.

“We’re thrilled to now be able to launch the Bitwise APTS to expand access to one of the most exciting next-generation blockchains in the space.”

Bitwise ETP Success

In August, Bitwise acquired London-based ETC Group, an ETP issuer with over $1 billion in assets under management.

The firm’s major EU expansion included nine new European-listed crypto ETPs, bringing its total assets under management to over $4.5 billion.

Bitwise launched its first spot Bitcoin ETP, the Bitwise Bitcoin ETF, in January.

In April, Matt Hougan, Chief Investment Officer at Bitwise, said the Bitwise Bitcoin ETF had seen an influx of investments, making over $10 billion in under two months.

He told Forbes : “[Spot bitcoin ETFs] are the fastest growing ETFs of all time by a large fraction. I believe the fastest growing ETF prior to these was the Nasdaq 100 ETF (QQQM), which went from zero to $5 billion in one year.”

The Bitcoin ETF has grown to almost $2 billion in assets, quickly becoming one of the 25 fastest-growing ETPs of all time.

In July, Bitwise launched its first spot, Ethereum ETP, the Bitwise Ethereum ETF, which gathered over $300 million in assets in its first several weeks.