Main crypto exchange-traded product (ETP) issuer 21Shares has launched a product providing publicity to Bitcoin (BTC) layer2 (L2) community Stacks (STX).
Based on an April 4 assertion, the 21Shares Stacks Staking ETP is listed on the BX Swiss Trade beneath the ticker ASTX.
21Shares described the product as “the world’s first ETP providing publicity to Stacks.”
Arthur Krause, director of ETP product at 21Shares, stated:
“ASTX gives a novel alternative for traders, as there are at the moment no different funding merchandise offering publicity to Stacks available on the market.”
Stacks is a Bitcoin L2 community with a separate ledger to retailer knowledge outdoors Bitcoin L1. The protocol permits builders to construct decentralized purposes (dApps) just like these on different sensible contract-enabled blockchains like Ethereum.
The protocol is among the best-performing digital property, rallying by greater than 330% in 2023, based on CryptoSlate’s knowledge.
Earlier within the yr, crypto funding fund North Rock Digital’s founder Hal Press stated his fund had taken a long-term place in STX.
The publish 21Shares launches ETP for Bitcoin L2 community Stacks appeared first on CryptoSlate.