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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 Change below 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, mentioned:
“ASTX offers a novel alternative for buyers, as there are presently no different funding merchandise offering publicity to Stacks in the marketplace.”
Stacks is a Bitcoin L2 community with a separate ledger to retailer knowledge exterior 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 without doubt one of the best-performing digital belongings, rallying by greater than 330% in 2023, in line with CryptoSlate’s knowledge.
Earlier within the yr, crypto funding fund North Rock Digital’s founder Hal Press mentioned his fund had taken a long-term place in STX.
The submit 21Shares launches ETP for Bitcoin L2 community Stacks appeared first on CryptoSlate.
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