Bitwise has progressed towards launching an ETF for Aptos APT, as the asset manager filed an S-1 document with the Securities and Exchange Commission (SEC) on Wednesday, indicating its plan to introduce an Aptos-tracking ETF to the market.
This move follows Bitwise’s prior establishment of a Delaware trust entity, suggesting plans for the fund. If approved, the ETF would offer investors a regulated avenue to gain exposure to Aptos, a scalable Layer 1 blockchain token developed using the Move programming language.
Bitwise’s S-1 filing is a critical step towards listing the Aptos ETF on a public exchange.
The asset manager must also file a 19b-4 document, a necessary step for regulatory approval that triggers a formal SEC review with a strict timeline.
