Aptos (APT) Launches Staking ETP in Switzerland

Bitwise’s new offering ushers in an era of accessibility and transparency in the Aptos ecosystem.

Bitwise took a significant step into the world of crypto by launching its Aptos (APT) Staking ETP on the SIX Swiss Exchange. This is the third largest regulated exchange in Europe. This launch not only represents a milestone for Aptos, but also provides European institutions and individuals with a secure and transparent way to access its ecosystem.

With the recent increase in price, Aptos' gains over the past year reach 71.51%, highlighting its excellent performance in the market / TradingView

Broader Access to the Aptos Ecosystem

“Every day, users from all corners of the world and of all experience levels build, transact and create on Aptos,” said Bashar Lazaar, Head of Grants and Ecosystem at the Aptos Foundation. “This ETP makes it easier to join the Aptos (APT) ecosystem and opens the door for new voices, developers and audiences to participate in a secure and transparent way.”

The launch of the Bitwise ETP is just one example of how Aptos (APT) is establishing itself as a promising technology hub for large institutions.

BlackRock and Franklin Templeton join the revolution

In a move that underscores the growing institutional adoption of Aptos, BlackRock, the world's largest asset manager, launched its USD Institutional Digital Liquidity Fund (BUIDL) on the platform. This fund is positioned as the largest tokenized fund by assets under management on a global scale, highlighting Aptos' ability to offer secure and scalable tokenized finance solutions.

Meanwhile, Franklin Templeton brought its OnChain U.S. Government Money Fund (FOBXX), which manages more than $400 million in assets, to Aptos. This fund is the second largest in terms of market capitalization and the first to use blockchain technology for transaction processing.

New opportunities for institutional investors

Since its launch in September, Libre has expanded access to real-world tokenized assets on Aptos. This integration allows several high-profile tokenized funds, such as the Brevan Howard Master Fund and Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), to be accessible on the network. They offer features such as sub-second finalization and low gas fees to facilitate trading and management of real assets.

A Growing Ecosystem

Institutional interest in Aptos is on the rise. This is reflected in its Total Value Locked (TVL), which grew by more than 700% this year, recently surpassing $1 billion. In addition, the network has more than 8 million active accounts, and processed close to 2 billion transactions. These include 326 million in a single day, setting new industry records.

Aptos (APT) on the Rise

The Aptos (APT) price entered an uptrend as it broke above the 25-, 50-, and 200-period moving averages, indicating a positive shift in market sentiment. After a period of decline that began in March 2024, the cryptocurrency reversed its trend in the last two months, showing signs of recovery.

Support and resistance: Keys to APT's movement

Since September 17, APT has been on the rise after confirming support at $5.54. Currently, the cryptocurrency is trading at $12.38, with an increase of 4.83% so far today. This growth led Aptos to test a key resistance zone located at $11.81, which coincides with the 50% Fibonacci retracement level since its last fall. The next resistance is located at $13.50, corresponding to 61.8% of Fibonacci retracements.

Technical indicators and volatility

Aptos' bullish momentum is supported by the relative strength index (RSI), which stands at 61.33 points, with no signs of an imminent reversal. In recent weeks, APT's volatility has increased, supported by rising trading volume, suggesting clear demand and market dominance by the bulls.

Annual and quarterly performance

With the recent increase in price, Aptos' gains over the past year reach 71.51%, highlighting its excellent performance in the market. However, the performance over the past three months is even more impressive, with an increase of 94.18%. This growth not only reflects the cryptocurrency's recovery, but also the growing institutional interest and adoption of its technology.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies involves risks and thorough research is recommended.