Catenaa, Sunday, March 16, 2025 – Crypto asset manager Bitwise has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a spot Aptos exchange-traded fund (ETF). The filing was submitted on Wednesday, marking a significant step toward the potential launch of the Bitwise Aptos ETF. This move follows Bitwise’s previous filing for an Aptos-related investment product in Delaware last week.
Aptos, ranked 36th in market cap with a value of approximately $3.8 billion, is a Layer-1 blockchain developed by Aptos Labs. The blockchain aims to create a scalable, efficient, and user-friendly platform for decentralized applications and smart contracts. Bitwise’s latest filing for the Aptos ETF is part of a broader trend in which a growing number of altcoin-based ETFs are anticipated to enter the market. The U.S. government appears to be working toward removing regulatory hurdles that have previously impeded the launch of such digital asset investment products.
In addition to the Aptos ETF, Bitwise has filed for other altcoin ETFs, including those focused on Dogecoin and XRP.
Bitwise’s move is part of a broader push within the crypto industry to introduce more diversified investment products. The asset manager had also launched an Aptos Staking ETP on the Six Swiss Exchange in November, with competitor 21Shares launching a similar product on Euronext Amsterdam and Paris.
