Bitwise Asset Management has amended its applications for ETF on Dogecoin and Aptos, suggesting possible engagement with the SEC.
Changes in Bitwise's Applications
Bitwise has filed updated S-1 forms for its ETF proposals on Dogecoin and Aptos, indicating potential interaction with the U.S. Securities and Exchange Commission (SEC). According to ETF analysts, such changes typically signify dialogue between investment firms and federal regulators.
Aptos recently tied for first place in Wyoming's official stablecoin competition, highlighting its rising significance in the market.
Regulatory Changes and Market Impact
ETF analyst Eric Balchunas noted the importance of these filings, stating that amended documents may indicate SEC engagement. He remarked, "Good signs as it indicates SEC engagement, and tracks with other spot approvals."
Bitwise became the first investment firm to file for ETF on Dogecoin and Aptos.
ETF Approval Landscape and Future Outlook
The SEC currently faces a substantial backlog of cryptocurrency ETF applications, with over 70 proposals awaiting review. While Dogecoin has not achieved the same level of institutional validation as Aptos, Bitwise's choice to update only these two proposals may reflect stronger approval prospects. The regulatory landscape continues to evolve amid increasing interest in cryptocurrency investments.
While amended filings suggest regulatory dialogue, the SEC's ultimate decisions on Bitwise's Dogecoin and Aptos ETF proposals remain uncertain. Timelines for reviewing applications are still undefined.
