Nikolas Sargeant
A Spanish bank has made a significant move toward cryptocurrency adoption, allocating 2% of its holdings to the Bitwise Aptos Staking ETP (APTB), a product that offers exposure to the Aptos blockchain's native token (APT). The investment, confirmed by Bitwise CEO Hunter Horsley, underscores the growing trend of traditional financial institutions integrating cryptocurrencies into their portfolios.
Aptos is a scalable layer-1 blockchain based on the Move programming language. APT is the project's native token. APT is trading virtually stable at $13.86, at the time of this writing.
Cryptocurrency’s Mainstreaming
The Bitwise Aptos ETP, which trades on the SIX Swiss exchange, tracks the performance of APT and also offers staking rewards to its holders. This move highlights a shift toward broader mainstream adoption, as institutional investors and global financial systems increasingly embrace digital assets. As cryptocurrency continues to gain traction, global players, including governments and large banks, are entering the space, signaling a new era for the industry.
A bank in Spain has made a 2% allocation to the Swiss SIX listed Bitwise Aptos Staking ETP ( $APTB ) from one of its funds.
— Hunter Horsley (@HHorsley) December 12, 2024
More and more there are highly savvy crypto investors in financial institutions.
We're entering the mainstream era of crypto.
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APTB disclosures &…
Cryptocurrencies have accelerated their mainstream adoption since the November 2024 election of Donald Trump. Trump has appointed key crypto-friendly to key positions. Most recently, French Hill has been selected as Financial Services Chair.
