Main cryptocurrency exchange-traded product (ETP) issuer 21Shares has launched a product providing publicity to Bitcoin (BTC) layer2 (L2) community Stacks (STX).
Based mostly on April 4 assertion, the 21Shares Stacks Staking ETP is listed on the BX Swiss Alternate beneath the ticker ASTX.
21Shares described the product as “the world’s first ETP to supply entry to Stacks.”
Arthur Krause, ETP Product Director at 21Shares, stated:
“ASTX offers a novel alternative for traders as there are at present no different funding merchandise available on the market that provide the publicity of Stacks.”
Stacks is a Bitcoin L2 community with a separate ledger for storing knowledge exterior of Bitcoin L1. The protocol permits builders to create decentralized purposes (dApps) much like these discovered on different sensible contract blockchains akin to Ethereum.
The protocol is without doubt one of the greatest performing digital property in 2023. with a rise of greater than 330 p.c. seethereality. knowledge.
Earlier this yr, Hal Press, founding father of crypto funding fund North Rock Digital, stated his fund had taken a protracted place in STX.
The publish 21Shares Launches Bitcoin L2 Community Stacks ETP appeared first on seethereality.
