Asset manager Bitwise has just launched the first exchange-traded product (ETP) holding the native token of the Aptos network.
The ETP, called Bitwise Aptos Staking ETP (APTB), will be available on SIX Swiss Exchange from November 19 and is open to both institutional and retail investors in Europe.
The product is backed by physical assets and will earn a 4.7% yield (net of fees) by staking the underlying Aptos token. This yield will accrue directly to the ETP, according to Bitwise.
This is Bitwise's second offering in its European total return product range, the first being an Ethereum ETP. In the United States, Bitwise offers Bitcoin and Ether exchange-traded funds (ETFs).