Bitwise Asset Management Files for Aptos ETF

Bitwise Asset Management has filed to establish a Delaware trust entity for a proposed Aptos exchange-traded fund (ETF), marking an initial step before formal SEC registration.

This filing positions Bitwise as the first asset manager seeking to create an investment product that directly holds APT tokens in the U.S. As of now, Aptos is the 36th largest cryptocurrency by market capitalization according to CoinGecko.

This development occurs amidst a broader expansion of crypto ETF applications beyond just Bitcoin and Ethereum. Asset managers are now also pursuing funds for other cryptocurrencies, including XRP, Solana, Dogecoin, Cardano, Litecoin, and HBAR.