news 
Reveals Spanish Bank Allocates 2% to Aptos Staking ETP: Bitwise
In a recent announcement made by Hunter Horsley, CEO of Bitwise, it has been revealed that a prominent Spanish bank has taken a significant step towards mainstream crypto adoption. As per the statement, the financial institution has allocated a substantial 2% of its overall holdings to the Bitwise Aptos staking ETP.
It is worth noting that this development comes at a time when blockchain-based assets are witnessing rapid growth and increasing acceptance by traditional financial institutions. According to Horsley’s tweet, this investment marks an important milestone in the journey towards mainstream crypto adoption.
The Aptos staking exchange-traded product (ETP) was officially launched on Switzerland’s SIX Exchange in November of this year. This innovative solution enables investors to reap returns by passively participating in blockchain activities through staking Aptos’ APT tokens, effectively offering a regulated and seamless method for generating passive income.
Notably, the launch of this ETP takes place amidst an extraordinary surge in network activity on the Aptos platform. In just one month alone, active addresses jumped to 1.2 million, marking a significant increase in recent times. Furthermore, a report by Nansen highlights that developer activity has witnessed a staggering 96% growth within the same timeframe.
Despite this impressive progress, the APT token’s spot price has not experienced an equivalent surge in value. Over the past week, the cryptocurrency only managed to rise by approximately 1.4%, currently trading at $14.19. In stark contrast, many other digital assets have seen significant rallies during the same period, resulting in a modest gain of over 16%.
It is essential for investors and stakeholders alike to stay updated on the rapidly evolving landscape of blockchain-based assets.
Source: cryptopotato.com
