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SEC will apply for ETF for this Altcoin: Bitcoin Giant Officially Registered! - Coin Bulletin
**Bitwise has officially registered the Aptos (APT) ETF asset in the state of Delaware in the United States, indicating the firm's readiness to make a formal application to the SEC.
Cryptocurrency asset management company Bitwise registered its Aptos ETF on February 25th in Delaware. Typically, these types of registrations indicate that the fund manager is planning to make an S-1 filing with the U.S. Securities and Exchange Commission for official application (SEC). Bitwise, known for offering Bitcoin and Ethereum spot ETFs in the U.S., is now taking a similar step for Aptos.
The ETF race is heating up for Aptos
Bitwise, last year listed its product named Bitwise Aptos Staking ETP on Swiss exchanges in Europe. Similarly, 21Shares had launched its Aptos Staking ETP product on Amsterdam and Paris stock exchanges. The company also registered the Doge ETF in Delaware in January.
As competition in the cryptocurrency ETF market rapidly increases in the US, Grayscale recently filed a 19b-4 application for the Polkadot (DOT) ETF. Similarly, Canary Capital also made a similar application for the Hedera (HBAR) ETF.
Aptos is a Layer-1 blockchain network launched in 2022 and is currently ranked as the 36th largest cryptocurrency with a market value of $3.6 billion. The APT price rose by 8.9% in the last 24 hours to $6.12.