Bitwise Files for Aptos ETF

Bitwise Pursues First Aptos (APT) ETF

Bitwise Asset Management has taken a significant step toward offering the first Aptos (APT) exchange-traded fund (ETF) in the United States. The firm has filed to create a Delaware trust, a necessary precursor to formal registration with the Securities and Exchange Commission (SEC).

Key Takeaways:

• Bitwise is the first to file for an Aptos ETF.
• This filing positions Bitwise as a leader in providing US investors access to APT.

This move establishes Bitwise as the pioneering asset manager to pursue a US investment product directly holding APT tokens. According to CoinGecko, Aptos currently holds the 36th largest market capitalization among crypto assets. This development indicates growing institutional interest in Aptos and its potential.

The application follows a trend of increasing crypto ETF applications beyond the established Bitcoin and Ethereum markets. Several asset managers are now exploring ETFs for other prominent cryptocurrencies, including XRP, Solana, Dogecoin, Cardano, Litecoin, and HBAR.

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This is a developing story. Further updates will be provided as they become available.