Bitwise Asset Management Explores Aptos ETF

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

This filing makes Bitwise the first asset manager in the United States to seek an investment product that directly holds APT tokens. Currently, Aptos ranks as the 36th largest crypto asset by market capitalization, according to CoinGecko.

This initiative comes as part of a broader expansion of cryptocurrency ETF applications beyond Bitcoin and Ethereum. Other asset managers are also pursuing funds for assets like XRP, Solana, Dogecoin, Cardano, Litecoin, and HBAR.