Bitwise has officially filed with the US SEC to launch an exchange-traded fund (ETF) that would give investors exposure to the native token of the Aptos blockchain (APT).
What is Aptos (APT)?
Aptos is a layer-1 blockchain designed for decentralized applications. It features the Move programming language that enhances smart contract safety and performance.
Inside Bitwise’s APT ETF Filing
The S-1 registration is a crucial step towards the ETF launch. It will hold APT tokens and use Coinbase Custody as the main custodian. This will be the first US ETF to provide such direct access to Aptos's native tokens.
Importance of Aptos ETF for Crypto Markets
The launch of the Aptos ETF could increase institutional and retail investor interest in Aptos and other layer-1 blockchains, offering regulated exposure without the need for direct crypto custody.
The launch of Bitwise's Aptos ETF could signify a significant step in the development of the US crypto ETF market, attracting new investors and increasing institutional support for layer-1 blockchain assets.
