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Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to the Bitwise Aptos staking ETP., Horsley stated that the adoption of cryptocurrencies is accelerating as traditional financial institutions integrate more crypto-savvy investors. He noted that the investment, made through one of the bank’s funds, marks a significant step toward mainstream crypto adoption. The name of the bank has not been disclosed yet.
Bitwise Asset Management launched the first-ever Aptos staking exchange-traded product on Switzerland’s SIX Exchange in November of this year. This investment vehicle is designed to deliver an expected return of 4.7% by staking Aptos’ APT tokens, providing investors with a regulated method to earn passive income through participation in blockchain activities.
The launch of this product comes at a crucial period in the world of crypto investments, as Bitcoin and Ethereum spot ETPs had been already introduced in the United States.Aptos as the second-fastest growing ecosystem in terms of overall developer activity. Comparing data from Q3 2023 to Q4 2024, Aptos experienced a whopping 96% growth in its developer community.
Despite the recent developments, APT’s spot price has not experienced a significant uptick. In the past week, it saw a slight rise of 1.4%, trading at $14.19.While many other crypto assets have experienced significant rallies this month, APT only gained a little over 16% during the same period.What Is Sui Network : The Ultimate Guide in 2024One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted.
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