Bitwise Files for an Aptos ETF

Bitwise Asset Management has submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC) on Wednesday to propose the launch of the Bitwise Aptos ETF.

Should the filings receive approval, the Bitwise Aptos ETF would offer investors regulated access to the Aptos (APT) token.

Filing an S-1 registration statement is merely the first step, with the approval process potentially taking several months or more.

The SEC will conduct a thorough review of the application, evaluating factors such as market risk, investor protection, and regulatory compliance prior to reaching a decision.

If approved, the Bitwise Aptos ETF would represent a significant advancement in the mainstream adoption of Aptos, enabling both institutional and retail investors to gain regulated exposure to this digital asset.