Bitcoin Giant Files First ETF Application Expected for Altcoin, Price Surges! - Coin Bulletin

Bitwise has filed an official application with the U.S. Securities and Exchange Commission (SEC) to track the price of Aptos (APT) for the (ETF) exchange-traded fund (ETF).

Bitwise, a crypto asset manager with an approved Bitcoin ETF, has filed an S-1 document to create an ETF tracking the Aptos (APT) price. Aptos is a layer-1 blockchain developed with the Move programming language, known for its scalable structure. Last week, Bitwise signaled this move by establishing the 'Bitwise Aptos ETF' trust in Delaware.

(# Altcoin ETFs are on the rise in the US

Bitwise's ** APT ETF ** application coincided with a period of increasing investment products based on cryptocurrencies. Steps taken by regulators in the US to remove barriers for investment instruments based on digital assets are increasing market players' interest in such funds. In addition to Aptos ETF, Bitwise has also made similar ETF applications for Dogecoin and XRP.

Bitwise had previously launched an Aptos Staking ETP trading on six different exchanges in Switzerland in November 2024. Its competitor 21Shares had listed an Aptos Staking ETP on Euronext Amsterdam and Paris exchanges.

Aptos has a market cap of approximately $3.8 billion, making it the 36th largest crypto asset in the world.

According to data from CoinGecko, APT rose 20% to $6.56 from $5.44 yesterday. APT is priced at $6.19 at the time of writing.

Bitwise, Aptos ETF registered its ETF in Delaware on February 25. The APT ETF was expected to come with this step.