Bitwise Moves to Introduce Aptos ETF with SEC Filing
Bitwise has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch an Aptos (APT) exchange-traded fund (ETF), aiming to provide institutional investors with exposure to the Layer 1 blockchain’s native token.
The filing follows Bitwise’s creation of a Delaware trust entity last week, signaling its intent to introduce an APT-focused investment product. Aptos, built using the Move programming language, has gained traction for its high-speed transactions and developer-centric ecosystem.
On Wednesday, Bitwise submitted an S-1 registration statement to the SEC, formally initiating the approval process. To complete the launch, the firm will also need to submit a 19b-4 filing, which starts the countdown for an SEC ruling.
Following the news, Aptos surged 18% in the past 24 hours, reaching $6.48 at press time.
