Bitwise Files for ETF Tracking Aptos (APT) Amid Strong Market Surge

Bitwise has officially submitted paperwork to the Securities and Exchange Commission (SEC) for launching an exchange-traded fund (ETF) that would track the price of Aptos (APT), the native token of the Aptos blockchain. This move was hinted at last week when the asset manager filed to create a Delaware trust entity for a proposed Aptos ETF. The S-1 filing marks an important step for creating a new security that could be listed on a public stock exchange, establishing a clearer path for Aptos' institutional adoption. Notably, APT has seen an 18% increase in price over the past 24 hours, reaching $6.48 at the time of this announcement.