Bitwise wants to bring Aptos exposure to U.S. investors, as it did for European traders on six Swiss exchanges.
Wealth manager Bitwise has submitted registration of securities, or S-1 form, at the U.S. Securities and Exchange Commission to list and trade shares for a spot Aptos (APT) exchange-traded fund. The Bitwise filing followed last week’s Delaware registration for an entity dubbed the “Bitwise Aptos ETF”.
Aptos crypto’s 36th biggest token by market capitalization, worth over $3.8 billion and provide layer-1 blockchain technology to thousands of users and developers. Bitwise tapped APT’s proof-of-stake model to launch Aptos staking ETFs on six Swiss exchanges, allowing European investors to earn crypto yield via a regulated vehicle.
A deluge of crypto ETF applications outside of Bitcoin (BTC) and Ethereum (ETH) hit SEC staffers as U.S. authorities seemed to lay building blocks for friendlier crypto regulations.
In a bid to capitalize on this shift, firms like Bitwise tested the waters for ETFs underpinned by assets like Dogecoin (DOGE) and (XRP). Issuers also filed ETF requests for Litecoin (LTC) and Solana (SOL) funds. No one knows if these products will reach Wall Street’s market, but the new Republican SEC leadership, under President Donald Trump, could steer the regulator toward a more flexible approval streak.
So far, the SEC has ended several cases against top industry service providers like Coinbase and created a new Crypto Task Force to repair relations with the blockchain industry.
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