It reveals that the Spanish bank allocates 2% to Aptos Staking ETP: Bitwise

Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to Bitwise Aptos ETP.

In a tweet, Horsley claimed that cryptocurrency adoption is accelerating as traditional financial institutions bring in more cryptocurrency-savvy investors. He noted that the investment, made through one of the bank’s funds, marks an important step toward mainstream crypto adoption. The name of the bank has not yet been disclosed.

Bitwise Asset Management launched Aptos’ first exchange-traded product (ETP) on Switzerland’s SIX exchange in November this year. This investment vehicle is designed to deliver an expected return of 4.7% through participation in Aptos APT tokens, providing investors with a regulated method of earning passive income through participation in blockchain activities.

The launch of this product comes at a crucial time in the world of crypto investments, as spot ETPs for Bitcoin and Ethereum had already been introduced in the United States.

Meanwhile, network activity in Aptos has been on an upward trend. Data compiled by Nansen, for example, revealed that active addresses on the network reached 1.2 million this month.

The recently released Power Capital Developer Report 2024 also ranked Aptos as the second fastest growing ecosystem in terms of global developer activity. Comparing data from Q3 2023 to Q4 2024, Aptos experienced 96% growth in its developer community.

Despite recent developments, the APT spot price has not seen a significant increase. Last week, it saw a slight increase of 1.4%, trading at $14.19. While many other crypto assets have seen significant rallies this month, APT only gained a little over 16% over the same period.

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