21Shares launches ETP for Bitcoin L2 network Stacks
21Shares, a leading issuer of crypto exchange-traded products (ETPs), has launched a product offering exposure to the Bitcoin (BTC) Layer 2 (L2) network stack (STX).
According to April 4th statement21Shares Stacks Staking ETP, is listed on the BX Swiss Exchange under the ticker ASTX.
21Shares describes the product as “the world’s first ETP to offer stack exposure.”
Arthur Krause, Director of ETP Products at 21Shares, said:
“ASTX presents a unique opportunity for investors as there are currently no other investment products on the market that offer stack exposure.”
Stacks is a Bitcoin L2 network with a separate ledger that stores data outside of Bitcoin L1. The protocol allows developers to build decentralized applications (dApps) similar to other smart contract-enabled blockchains such as Ethereum.
The protocol is one of the highest performing digital assets, rising over 330% in 2023. of crypto slate data.
Earlier this year, Hal Press, founder of crypto investment fund North Rock Digital, said his fund had taken a long-term position on STX.
Post 21Shares Launches ETP for Bitcoin L2 Network The stack first appeared on CryptoSlate.