Key Points
- Official documents revealed that the Bitwise APT ETF was registered in Delaware.
- Bitwise also launched its Aptos Staking ETP on 6 Swiss exchanges in November 2024.
The altcoin ETF competition is intensifying with Bitwise as the latest entity to make moves in this direction.
Bitwise, the world’s largest crypto index fund manager, seems to be preparing to file for an Aptos ETF with the US SEC, following its latest actions.
Bitwise Registers Aptos ETF in Delaware
According to the government’s official website, Bitwise registered an Aptos ETF entity in Delaware. The official registration portal reveals that the APT ETF was registered on February 25.
Such registration usually signals that a fund manager is getting ready to file an S-1 registration form with the US SEC.
Bitwise has already launched spot ETFs in the US and also launched its Aptos Staking ETP on six Swiss exchanges in November 2024. The entity also recently filed a DOGE ETF registration in Delaware.
21Shares launched its APT Staking Protocol in November in Paris.
Bitwise’s move comes amidst multiple efforts to launch ETFs for altcoins, some recent ones being from Grayscale who filed applications with the US SEC for XRP, SOL, and DOT.
APT price surged today following yesterday’s Bitwise application.
APT Price Surges
At the moment of writing this article, APT is trading at $6.18, up by over 10% in the last 24 hours. The digital asset has a market cap of over $3.6 billion.
Earlier, APT’s price spiked to almost $3.67, reaching a market cap of almost $3.75 billion, before settling to current levels.
APT began an ascendant trajectory on February 25 from around $5.12 levels and a market cap of $3 billion.
Aptos is an L1 PoS blockchain that employs a new smart contract programming language called Move – A Rust-based programming language independently developed by Meta’s Diem blockchain engineers.
