Key Takeaways
- Bitwise Europe has launched a bodily backed Avalanche Staking ETP (AVNB) on Deutsche Börse Xetra.
- The ETP supplies institutional publicity to Avalanche’s (AVAX) native token with built-in staking rewards.
Bitwise Europe launched the Bitwise Avalanche Staking ETP (AVNB), a bodily backed exchange-traded product providing publicity to Avalanche’s native token with built-in staking rewards, on Deutsche Börse Xetra, a number one German inventory change platform.
The ETP supplies institutional traders entry to AVAX, the native token of Avalanche used for transaction charges and staking inside the layer 1 blockchain’s ecosystem. Avalanche is acknowledged for its scalability and vitality effectivity.
Bitwise has not too long ago launched a number of staking ETPs in Europe as a part of a method to supply regulated, bodily backed choices for institutional crypto publicity. European exchanges like Deutsche Börse are more and more itemizing staking-focused ETPs to fulfill demand from skilled traders in search of yield-generating crypto merchandise.
Avalanche’s concentrate on high-performance options has led to its inclusion in new institutional merchandise, reflecting rising curiosity in scalable blockchains for real-world functions.
