Bitwise has filed for the creation of an ETF for cryptocurrency Aptos in the state of Delaware. This move follows similar applications for other major cryptocurrencies.
Summary of the Application Filing
Cryptocurrency fund manager Bitwise has officially registered an application for an Aptos ETF in the state of Delaware. Currently, registration in Delaware does not constitute automatic approval.
Experts' Reaction
Experts suggest that such registration implies Bitwise's preparation for filing an S-1 form with the U.S. Securities and Exchange Commission. Previously, the company launched its Aptos Staking ETP on six Swiss exchanges in November.
Impact on Aptos Market Price
Despite a general downturn in the cryptocurrency market, the news saw Aptos's price rise by 9% in the past 24 hours, settling at $6.1.
The filing for an Aptos ETF is a significant development for the cryptocurrency market and may potentially influence future market trends and regulatory approvals.
