Bitwise Seeks to List Aptos ETF in the US Market

Wealth manager Bitwise has filed a registration of securities, or S-1 form, with the U.S. Securities and Exchange Commission (SEC) to list and trade shares for a spot Aptos exchange-traded fund (ETF).

About Aptos

Aptos is a layer-1 blockchain technology that provides services to thousands of users and developers. With a market capitalization of over $3.8 billion, it is currently the 36th largest token in the market. Aptos utilizes a proof-of-stake model, which has allowed Bitwise to launch Aptos staking ETFs on six Swiss exchanges, enabling European investors to earn crypto yield through a regulated vehicle.

Expanding to the US Market

Bitwise’s filing with the SEC is part of its efforts to bring Aptos exposure to US investors. This move follows the company’s registration of an entity called the “Bitwise Aptos ETF” in Delaware last week.

Crypto ETF Applications on the Rise

The SEC has seen a surge in crypto ETF applications beyond Bitcoin and Ethereum, with firms like Bitwise testing the waters for ETFs underpinned by assets such as Dogecoin, XRP, Litecoin, and Solana. While it is uncertain whether these products will be approved and listed on Wall Street, the new Republican SEC leadership may adopt a more flexible approach to approvals.

Tips for Investors

As the crypto market continues to evolve, investors should consider the following:

  • Stay informed about regulatory developments and their potential impact on the market.
  • Understand the underlying technology and assets of any ETF before investing.
  • Be cautious of market volatility and consider diversifying your portfolio.

As the SEC’s stance on crypto regulations becomes more favorable, we may see an increase in approved ETFs, providing investors with more opportunities to participate in the market.

For more news and updates on the crypto market, visit Global Crypto News.

Post Views: 2