Spanish Bank to invest in Bitwise Aptos Staking ETP
Bitwise Aptos Staking ETP (APTB) is gaining a lot of traction on the Swiss Stock Exchange. It has managed to attract the attention of a major Spanish Bank which is said to be allocating two percent of its entire funds in APTB.
APTB holders receive 67% of all staking rewards (33% is the staking service fee). It allows the holder to buy and sell like stock of ETF using their regular securities account without any need for a new account of cryptocurrency wallet.
All they need to do is open their online securities account and call up the order mask. Insert the ticker, which in this case is APTB > set amount and review the order before confirming the trade.
Every single APTB bought is backed actual APT held in cold storage.
APT is native token of Aptos blockchain and APT staking rewards are added to their Crypto Entitlement of APTB at the end of each trading day.
A bank in Spain has made a 2% allocation to the Swiss SIX listed Bitwise Aptos Staking ETP ( $APTB ) from one of its funds.
More and more there are highly savvy crypto investors in financial institutions.
We're entering the mainstream era of crypto.
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APTB disclosures &…— Hunter Horsley (@HHorsley) December 12, 2024
The CEO of Bitwise, Hunter Horsley, says the investment by Spanish Bank shows the growing interest of institutional investors’ in bitcoin and other cryptocurrencies. Products like Bitwise Aptos Staking ETP offer easier ways to participate in this relatively new market while staying legally compliant.