Bitwise Pushes for a Spot Aptos ETF
Crypto asset manager Bitwise has officially filed an S-1 registration with the SEC for a spot Aptos (APT) ETF, following its recent Delaware registration for the fund.
This move positions Aptos as one of several altcoins potentially gaining ETF approval in the U.S., as regulatory barriers for crypto investment products continue to weaken.
Aptos Joins Growing List of Altcoin ETF Applications
With the current administration signaling openness to digital asset funds, major firms—including Bitwise—are actively filing for altcoin ETFs.
Bitwise has also submitted filings for Dogecoin and XRP ETFs, while Grayscale and 21Shares are similarly expanding their ETF offerings.
Aptos’ Market Position and Adoption
Aptos, a Layer-1 blockchain developed by Aptos Labs, aims to provide efficient and scalable infrastructure for decentralized applications.
- Market Cap: ~$3.8 billion
- Ranking: 36th largest cryptocurrency globally
- Recent Performance: APT surged 8.6% following ETF news
Bitwise already launched an Aptos Staking ETP in November 2024 across six Swiss exchanges, with rival firm 21Shares launching a similar ETP in Amsterdam and Paris.
With altcoin-based ETFs gaining momentum, Aptos is among the projects seeking greater institutional exposure.
