Bitwise has announced the launch of the first exchange-traded product (ETP) holding staked Aptos tokens, called the Bitwise Aptos Staking ETP (APTB). It will be listed on the SIX Swiss Exchange on November 19, making it available to institutional and retail investors in Europe. The ETP is physically backed and will stake the underlying Aptos tokens to provide returns of approximately 4.7% net of fees, accumulating directly within the product. APTB expands Bitwise's European Total Return product lineup, which also includes an Ethereum staking ETP. Currently, staking is not permitted in ETPs in the United States, although this landscape may change following the recent presidential election, which could lead to relaxed restrictions on cryptocurrency products. Aptos, a high-performance blockchain network launched in 2022, hosts over 250 projects and has settled around 1.7 billion transactions, boasting a market capitalization of about $6.5 billion, with over 80% of APT staked. As of now, stakers can earn around 7% rewards. The move by Bitwise signals the growing acceptance and integration of staking products in European markets.

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