Bitwise Files for Spot Aptos ETF with SEC to Track APT Token

• Bitwise submits S-1 registration to launch a spot Aptos ETF.
• APT token price jumps 7% after the ETF filing news.
• Bitwise ETF aims to offer regulated exposure to Aptos blockchain.

Bitwise has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a spot Aptos ETF. This submission marks a significant step in the company’s efforts to provide investors with regulated exposure to the Aptos blockchain. The fund is designed to track the price of Aptos (APT), offering a new investment vehicle for those interested in the emerging blockchain sector.

Bitwise Files For Aptos ETF

The Bitwise Aptos ETF aims to hold APT tokens, using the CF Aptos-Dollar Settlement Price as its pricing benchmark. This settlement price aggregates data from major Aptos trading platforms to provide an accurate reflection of the token’s market value. The ETF will issue shares in blocks of 10,000 units, with the shares available for trading via brokers through authorized financial institutions.

Bitwise has not disclosed the exact annual management fee for the ETF, but it will oversee the fund’s operations. The company already manages a portfolio of ETFs, including single-asset and multi-token funds that combine cryptocurrencies with traditional assets. Bitwise intends to provide a high-risk investment option focused on the rapidly growing Aptos ecosystem.

The filing of the S-1 form comes one week after Bitwise registered the fund with Delaware’s Department of State. This step is a part of the formal process required to launch the ETF, which will need to undergo further review by the SEC. If approved, the ETF will allow investors to gain direct exposure to APT, making it one of the first investment products focused on the Aptos blockchain in the U.S. market.

Crypto-Based ETF Trend

Bitwise previously launched an Aptos exchange-traded product (ETP) on the SIX Swiss Exchange in November 2024. The ETP offers staking opportunities for APT holders, which further expands Bitwise’s crypto offerings. This move demonstrates Bitwise’s commitment to building a diverse crypto-focused investment portfolio and positions the company as a leader in the growing crypto ETF market.

The trend of crypto-based ETFs has gained momentum, especially with recent filings for digital assets like Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and XRP. Analysts predict that the regulatory environment in the U.S. will continue to evolve, increasing the likelihood of approval for such funds. If successful, the Bitwise Aptos ETF could set a precedent for future filings, marking a shift toward the mainstream adoption of digital asset ETFs.

Price Action

Following the filing, APT saw a surge in price, jumping by 7% within one hour, from $6.06 to $6.50. This price increase reflects market optimism around the Bitwise Aptos ETF and the potential for wider institutional adoption of Aptos as an investment asset.

Aptos, a Layer-1 blockchain platform, has gained attention for its scalability and efficiency in the deployment of decentralized applications (dApps) and smart contracts. As the 36th largest cryptocurrency by market capitalization, Aptos has shown substantial growth potential. Bitwise’s decision to launch an ETF centered on APT signals increasing interest in crypto-based investment products tied to altcoins.