Bitwise Seeks SEC Approval for Aptos ETF
Bitwise has taken the next step in its crypto ETF expansion, filing an application with the U.S. Securities and Exchange Commission (SEC) to launch an Aptos (APT) exchange-traded fund (ETF).
The asset manager’s decision comes after it established a Delaware trust last week, a common precursor to ETF filings. Aptos, a Layer 1 blockchain utilizing the Move programming language, has been gaining attention for its scalability and developer-friendly ecosystem.
Bitwise submitted an S-1 registration statement to the SEC on Wednesday, marking the official start of the review process. To move forward, the firm will also need to file a 19b-4, a key regulatory step that triggers a structured timeline for the SEC’s decision.
APT responded positively to the news, jumping 18% in the past 24 hours to trade at $6.48 at press time.
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