Bitwise has submitted a registration filing for an Aptos ETF to the Delaware’s Department of State, paving the way for a possible ETF launch.
According to the official registration portal, Bitwise, an exchange-traded fund issuer has filed for an Aptos (APT) ETF in the state of Delaware as it looks to expand its crypto offerings. This could mean that the firm is gearing up to file an official S-1 application with the U.S Securities and Exchange Commission.
If the registration gets approved, Bitwise could become the first firm in the U.S. to launch an exchange-traded fund that directly holds APT tokens. APT is the native token of Aptos, Proof-of-Stake Layer 1 blockchain developed by Aptos Labs.
The filing of Aptos ETP follows the launch of a series of Aptos ETPs in Europe, including Bitwise Aptos Staking ETP and 21Shares Aptos Staking ETP.
Shortly after news of the filing spread, APT experienced a rise in value by 10%. The token is currently trading hands at $6.18, according to data from crypto.news.
This means that APT has managed to break through the slump it was previously stuck in. In the past week, the token has gone down by 6.5%. In the past month, APT has gone down by nearly 20% and decreased by nearly 40% in the past year.
Aptos has accumulated a market cap of $3.6 billion and a fully diluted valuation of $7 billion. In the past 24 hours, the daily trading volume for APT has reached $371 million, rising by nearly 44% compared to the previous day.
Bitwise launched its Aptos Staking ETP on six Swiss exchanges in November 2024. In that same month, 21Shares also launched its Aptos Staking ETP in Euronext Amsterdam and Paris.
Last month, Bitwise had submitted an official S-1 filing for a Dogecoin ETF that was previously registered the state of Delaware. The firm also received approval from the U.S. SEC for their Bitcoin and Ethereum ETF 19b-4 filing. The Bitwise Bitcoin and Ethereum ETF now awaits regulator’s decision on its S-1 registration before it can start trading on the markets.
