The quest for crypto ETF products in the United States grows with Bitwise filing for Aptos ETF with the SEC. This has fueled the APT rally by over 7% in 24 hours.
Investment asset management Bitwise has filed with the United States Securities and Exchange Commission (SEC) to list a spot Aptos (APT) Exchange Traded Fund (ETF). This fund will track the price of the Aptos network’s native token.
Bitwise Takes First Step on APT ETF
Bitwise first filed to create a Delaware trust entity for a proposed Aptos ETF last week, marking its first move toward listing the offering.Â
On March 5, the asset manager took its plans further by filing its S-1 registration for the fund with the US SEC. It is worth noting that such an S-1 application is necessary for companies that wish to issue a security or even list on public stock exchanges.
1/ @BitwiseInvest has filed an S-1 with the U.S. Securities and Exchange Commission to register a potential Aptos ETF.
This filing is the initial step toward offering an ETF linked to Aptos in the U.S. market. pic.twitter.com/cYTViiIW5p
— Aptos (@Aptos) March 5, 2025
Soon, Bitwise will be required to submit a 19b-4 filing related to its initial S-1 registration. This is a requirement to signal a requisite rule change at the particular stock exchange that intends to list the investment. In addition, it places the SEC on a strict deadline that it would have to adhere to.
Shortly after Bitwise filed its application, the price APT went a notch higher, suggesting increased interest in the altcoin. Per data from CoinMarketCap, the coin is trading at $6.18, corresponding with a 7.33% increase within the last 24 hours.
Bitwise Has Deep Skin In Crypto ETF Push
Bitwise is one of the few asset managers that has consistently shown interest in listing crypto ETFs.Â
The spot Aptos ETF filing is just one of the numerous applications it has on the US SEC’s table. On March 4, Bitwise filed a 19b-4 form with the Commission to start a Dogecoin ETF with NYSE Arca, a part of the New York Stock Exchange.
In October, the asset manager became the first to make a spot XRP ETF move in Delaware.Â
Thereafter, Canary Capital and WisdomTree followed suit. Also, Bitwise filed documents with the securities agency to bring a Solana-focused ETF to market. Apart from expanding Bitwise’s operations, these numerous crypto ETF filings underscore the increasing interest amongst institutional clients in digital assets.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.
