30s Summary

Bitwise has introduced a physically-backed investment product featuring Aptos network’s native token, APT. Available on the SIX Swiss Exchange, the product offers an expected return of around 4.7% after fees. This follows Bitwise’s similar Ethereum product and expands its European presence. Aptos, a blockchain hosting decentralized apps, boasts 8 million active monthly users, has settled 1.7 billion transactions and has partnerships with Microsoft, Amazon, and Coinbase. Anticipation for more crypto-products is high, particularly in the US due to potential regulatory easing under President Trump. Coinbase recently launched a benchmark index tracking over 50 digital assets, suggesting potential for diversified crypto index products.

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Bitwise has introduced a new product you can invest in, which includes APT, the native token of the Aptos network. You’ll be able to buy it from the SIX Swiss Exchange starting from Nov. 19.

The cool part is that the product is “physically backed,” meaning it has real Aptos held and staked (basically, locked up to support the network) to deliver an expected return of around 4.7% after fees. This return will accumulate directly within the product.

This is Bitwise’s second venture in Europe, adding to a similar product they launched for staking Ethereum (ETH), a popular cryptocurrency.

Oh, and you may have already heard of Bitwise from the United States. They have other investment products using Bitcoin (BTC) and ETH over there.

Aptos has been doing quite well since it started in 2022. Designed as a blockchain network to host broad-scale decentralized apps, Aptos is attracting impressive use with 8 million active users per month. More than 250 projects have chosen Aptos as their network, settling over 1.7 billion transactions. Big-name companies like Microsoft, Amazon, Mastercard, and Coinbase are already using it.

Currently, Aptos token APT has a value amounting to $6.5 billion in total. A large chunk of it (about 80%) is staked on the network and offering stakers a 7% return as of Nov. 12.

Now, all eyes are on the United States where more than half a dozen crypto-based investment products are waiting to be approved by the regulators. Some of them include altcoins like Solana (SOL), XRP, and Litecoin (LTC).

With the recent win of Donald Trump in the presidential elections, there’s hope that the restrictions on these types of products will be relaxed. If that happens, we could see a surge in new ways to invest in crypto.

In the future, diversified crypto index products might also get approval. These products hold a combination of different tokens to spread risk.

Coinbase, a well-known crypto exchange, is hinting at such possibilities by launching a benchmark index for tracking over 50 digital assets – a handy tool for future index products to follow.