Wealth management firm Bitwise has filed with the SEC to launch a Spot ETF for Aptos, offering investors direct exposure to the APT native token.
What is Aptos (APT)?
Aptos is a layer-1 blockchain designed for scalability, security, and efficiency in decentralized applications (dApps). It uses the Move programming language, developed by former Meta engineers, to enhance smart contract safety and performance. Despite its potential, Aptos remains a high-risk asset, currently ranked 36th by market capitalization, with a total market value of $3.7 billion.
Inside Bitwise’s APT ETF Filing
The S-1 registration is a crucial step toward launching the ETF. It allows Bitwise to issue new securities and list them on a public exchange. According to the filing, the Bitwise Aptos ETF will hold APT tokens and track the CF Aptos–Dollar Settlement Price as a pricing benchmark. The ETF will be managed by Bitwise and use Coinbase Custody Trust Company as its main custodian.
Aptos ETF: A First for U.S. Markets
While Europe has already seen crypto ETFs, including APT-based products, the Bitwise Aptos ETF would be the first APT spot ETF in U.S. markets. This ETF aims to attract institutional and retail investors seeking regulated exposure to Aptos without the need for direct crypto custody. Bitwise cautions that Aptos is a relatively new technological innovation with a limited history. "There is no assurance that usage of the Aptos Blockchain will continue to grow."
The launch of a spot Aptos ETF by Bitwise in the U.S. is a significant development for crypto funds and could attract additional liquidity and institutional interest.
