Leading crypto exchange-traded product (ETP) issuer 21Shares has launched a product offering exposure to Bitcoin (BTC) layer2 (L2) network Stacks (STX).
According to an April 4 statement, the 21Shares Stacks Staking ETP is listed on the BX Swiss Exchange under the ticker ASTX.
21Shares described the product as “the world’s first ETP offering exposure to Stacks.”
Stacks is a Bitcoin L2 network with a separate ledger to store data outside Bitcoin L1. The protocol allows developers to build 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 by more than 330% in 2023, according to CryptoSlate’s data.
(by Oluwapelumi Adejumo)
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