Bitwise Asset Management has taken a big step towards launching an exchange-traded fund (ETF) focused on Aptos. They have registered an Aptos ETF entity in Delaware, indicating their plans to introduce a spot ETF centered on the Aptos cryptocurrency. While this filing does not guarantee immediate approval, it is an important part of the regulatory process.
According to official documents, the BITWISE APTOS ETF has been registered in Delaware, USA. Previously, several APTOS ETPs were launched in Europe, including Bitwise Aptos Staking ETP and 21Shares Aptos Staking ETP.
The next crucial step is to submit a formal application to the U.S. Securities and Exchange Commission (SEC). This application will provide a detailed prospectus outlining the ETF’s structure, investment strategy, and how it plans to track the performance of the Aptos blockchain.
This filing comes at a time when the regulatory sentiment towards cryptocurrency is changing, especially under new leadership. The news of the filing has had a significant impact on the price of Aptos (APT), which increased by 12% after the announcement. APT reached a high of $6.31 in the last 24 hours before decreasing. Currently, APT, along with Bitcoin and other coins, is experiencing a downward trend.
Bitwise has already made a name for itself in the crypto ETF market, having filed for several crypto-related ETFs in the past, including a push for the XRP ETF. If successful, the Aptos ETF could open the door for more altcoin ETFs, providing investors with new opportunities to diversify their portfolios with digital assets.
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