Bitwise Files for an Aptos ETF

Bitwise Asset Management has submitted a filing to create a Delaware trust entity for a proposed Aptos exchange-traded fund, taking a preliminary step before seeking formal registration with the SEC.

This filing positions Bitwise as the first asset manager in the US to pursue an investment product that directly holds APT tokens. As of now, Aptos ranks as the 36th largest cryptocurrency by market capitalization, according to CoinGecko.

This initiative is part of a broader trend of expanding crypto ETF applications beyond Bitcoin and Ethereum, with asset managers now exploring funds for cryptocurrencies such as XRP, Solana, Dogecoin, Cardano, Litecoin, and HBAR.