2025-03-06
Bitwise Asset Management, a leading
cryptocurrency asset management firm based in San Francisco, California, has
applied to create an Aptos ETF
The company filed an S-1 registration
with the U.S. Securities and Exchange Commission (SEC) for a Bitwise Aptos ETF
(exchange-traded fund) on March 5, 2025.
Last week, Bitwise took its first step
by registered a Bitwise Aptos ETF entity in Delaware.
Many companies are looking to create
investment funds based on alternative cryptocurrencies (altcoins). Bitwise has
also applied for Dogecoin and XRP ETFs.
Aptos is a Layer-1 blockchain developed
by Aptos Labs. Its goal is to provide a fast, scalable, and user-friendly
platform for decentralized applications and smart contracts.
Its token, APT, is the 36th largest
cryptocurrency in the world, with a market value of about $3.8 billion.
Previously, in November, Bitwise
launched an Aptos Staking ETP on six Swiss exchanges.
A competing firm, 21Shares, launched a
similar Aptos Staking ETP in Euronext Amsterdam and Paris.
Crypto management firms currently hope
that more cryptocurrency-based funds could be approved as the U.S. government easing
regulations for such products.
sec.gov/Archives/edgar/data/2059135/000121390025020626/ea0232442-s1_bitwise.htm
