Bitwise has filed an S-1 registration with the U.S. Securities and Exchange Commission for a new product called the Bitwise Aptos ETF. This filing was made on Wednesday. Just last week, Bitwise took the first step by submitting a registration in Delaware.
Aptos is a cryptocurrency that could join other altcoin ETFs in the market. The U.S. government seems to be working to remove barriers to digital asset investment products. Bitwise is also looking to launch ETFs for Dogecoin and XRP.
Aptos is currently the 36th largest cryptocurrency, with a market cap of around $3.8 billion. Its token is called APT. Aptos is a Layer-1 blockchain created by Aptos Labs. The goal of its developers is to build a platform that is more efficient, scalable, and user-friendly for decentralized applications and smart contracts.
In November, Bitwise introduced an Aptos Staking ETP on six exchanges in Switzerland.
Emma Davis
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