Bitwise Asset Management filed an S-1 registration statement on Wednesday with the U.S. Securities and Exchange Commission (SEC) to launch the Bitwise Aptos ETF.
If the filings are approved the Bitwise Aptos ETF would provide investors with regulated exposure to the Aptos (APT) token.
Filing an S-1 registration statement is just the initial step, and the approval timeline can take several months or longer. The SEC will carefully review the application, assessing factors such as market risk, investor protection, and regulatory compliance before making a decision.
However, if approved, the Bitwise Aptos ETF would mark a major step toward mainstream adoption of Aptos, providing institutional and retail investors with regulated exposure to the digital as
What Is Aptos?
Aptos is a Layer 1 blockchain platform designed for scalability, security, and efficiency in decentralized applications (dApps). Developed by former Meta engineers, it uses the Move programming language.
Since its launch, Aptos has gained attention for its innovative technology and strong developer backing. Aptos aims to overcome the performance and scalability limitations of earlier networks, offering a developer-friendly environment that can support the next generation of Web3 applications.
APT, the native cryptocurrency of Aptos, serves multiple roles. It is used for transaction fees, staking to secure the network, and on-chain governance, allowing holders to influence protocol upgrades and decisions.
APT Price Action
Following Bitwise’s ETF filing, the price of APT experienced a sharp increase. As of today, APT is trading at approximately $6.43, marking a 17.49% surge in the past 24 hours, according to CryptoNews data.
This uptick reflects renewed investor confidence and speculation around the potential approval of the Aptos ETF.
The filing of an S-1 registration statement is just the first step in a lengthy SEC approval process. If approved, the Bitwise Aptos ETF would offer institutional and retail investors an easy way to gain exposure to APT without directly holding the asset.
For European investors Bitwise already has a similar product listed in Switzerland — the Bitwise Aptos Staking ETP — on the SIX Swiss Exchange.
Aptos Labs CEO Resigns
Mo Shaikh, co-founder of Aptos Labs, recently stepped down as CEO. But will stay on as a strategic advisor to the company board. In a lengthy post on X, Shaikh said that he is leaving the company “to start a new chapter.”
“Over the coming months, I plan to take some much-needed time to reflect on where the world is headed and to think deeply about the ways financial systems can evolve to continue to push Aptos as the most established layer 1 in the space,” said Shaikh.
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