Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to the Bitwise Aptos staking ETP.<\/p>\n
In a tweet<\/a>, 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\u2019s funds, marks a significant step toward mainstream crypto adoption. The name of the bank has not been disclosed yet.<\/p>\n Bitwise Asset Management launched the first-ever Aptos staking exchange-traded product (ETP) on Switzerland\u2019s SIX Exchange in November of this year. This investment vehicle is designed to deliver an expected return of 4.7% by staking Aptos\u2019 APT tokens, providing investors with a regulated method to earn passive income through participation in blockchain activities.<\/p>\n 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.<\/p>\n Meanwhile, network activity on Aptos has been on an uptrend. Data compiled by Nansen, for instance, revealed<\/a> that active addresses on the network hit 1.2 million this month.<\/p>\n The newly released Electric Capital Developer Report 2024 also ranked<\/a> 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.<\/p>\n Despite the recent developments, APT\u2019s 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.<\/p>\n The post Reveals Spanish Bank Allocates 2% to Aptos Staking ETP: Bitwise<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to the Bitwise Aptos staking ETP. In a tweet, 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\u2019s funds, marks […]<\/p>\n","protected":false},"author":0,"featured_media":28330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28329"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28329"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28330"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}