Bitwise Moves Forward with Aptos ETF Filing

Bitwise has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the price of Aptos (APT), marking a significant step toward bringing the Layer 1 blockchain asset to mainstream investors.

The filing, submitted on Wednesday, follows Bitwise’s recent formation of a Delaware trust—often a precursor to ETF applications. Aptos, known for its use of the Move programming language and high transaction throughput, has gained traction among developers and institutional investors alike.

The SEC filing includes an S-1 registration statement, a necessary step for any new security seeking to be listed on a public exchange. To move forward, Bitwise must also submit a 19b-4 filing, which would initiate the process of a rule change at the exchange listing the ETF, ensuring a structured review period by the SEC.

Following the news, Aptos (APT) surged 18% in the past 24 hours, reaching $6.48 at the time of reporting.