Bitwise Moves Forward With Aptos ETF Registration
Crypto asset manager Bitwise has taken a key step toward launching an Aptos ETF, registering the "Bitwise Aptos ETF" entity in Delaware on February 25, according to official state filings.
This move suggests Bitwise is preparing to file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), a necessary step before launching a regulated ETF.
Growing Demand for Altcoin ETFs
Bitwise has been actively expanding its suite of crypto investment products. In November 2024, it launched an Aptos Staking ETP on six Swiss exchanges, giving European investors exposure to Aptos (APT) staking rewards.
The firm also registered a Dogecoin ETF in January, signaling its intent to capitalize on the growing demand for altcoin-focused investment products.
Meanwhile, Grayscale and Canary Capital have recently filed 19b-4 proposals for spot Polkadot (DOT) and Hedera (HBAR) ETFs, further heating up the altcoin ETF race.
Aptos Gains Despite Market Sell-Off
Aptos, a Layer-1 blockchain launched in 2022, has been gaining traction in the crypto space. Its APT token is currently ranked 36th in market capitalization at $3.6 billion.
Following Bitwise’s ETF registration, APT surged 8.9% to $6.12 over the past 24 hours, outperforming the broader market, which remains in a downtrend.
While Bitwise has yet to file directly with the SEC, the registration in Delaware signals a growing push for regulated exposure to Aptos, adding another layer of legitimacy to the project.
