2 years ago
Leading crypto exchange-traded merchandise (ETP) issuer 21Shares has launched a merchandise offering vulnerability to Bitcoin (BTC) layer2 (L2) web Stacks (STX).
According to an April 4 statement, the 21Shares Stacks Staking ETP is listed connected the BX Swiss Exchange nether the ticker ASTX.
21Shares described the merchandise arsenic “the world’s archetypal ETP offering vulnerability to Stacks.”
Arthur Krause, manager of ETP merchandise astatine 21Shares, said:
“ASTX provides a unsocial accidental for investors, arsenic determination are presently nary different concern products providing vulnerability to Stacks connected the market.”
Stacks is simply a Bitcoin L2 web with a abstracted ledger to store information extracurricular Bitcoin L1. The protocol allows developers to physique decentralized applications (dApps) akin to those connected different astute contract-enabled blockchains similar Ethereum.
The protocol is 1 of the best-performing integer assets, rallying by much than 330% successful 2023, according to CryptoSlate’s data.
Earlier successful the year, crypto concern money North Rock Digital’s laminitis Hal Press said his money had taken a semipermanent presumption successful STX.
The station 21Shares launches ETP for Bitcoin L2 web Stacks appeared archetypal connected CryptoSlate.
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