Leading issuer of crypto exchange-traded products (ETPs) 21Shares has launched a product offering exposure to Bitcoin (BTC) layer2 (L2) (STX) network stacks.
According to a press release dated April 4 statementThe 21Shares Stacks Staking ETP is listed on the BX Swiss Exchange under the symbol ASTX.
21Shares described the product as “the world’s first ETP offering exposure to Stacks”.
Arthur Krause, Director of ETP Product at 21Shares, said:
“ASTX offers a unique opportunity for investors, as there are currently no other investment products offering exposure to Stacks in the market.”
Stacks is a Bitcoin L2 network with a separate ledger to store data outside of Bitcoin L1. The protocol allows developers to create decentralized applications (dApps) similar to those on other smart contract-enabled blockchains like Ethereum.
The protocol is one of the best performing digital assets, rallying over 330% in 2023, according to by CryptoSlate data.
Earlier in the year, North Rock Digital crypto investment fund founder Hal Press said his fund took a long-term position in STX.
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