## Bitwise Asset Management Takes a Step Forward with Aptos ETF Registration in Delaware
Bitwise Asset Management has officially registered an Aptos ETF entity in Delaware, a significant move that could pave the way for future spot exchange-traded funds focused on this layer-1 cryptocurrency. This filing comes at a time when regulators from the Trump era are showing a more favorable attitude towards crypto.
## Bitwise Prepares for SEC Application for Spot Aptos ETF
According to a filing dated February 25, the asset management firm has established the “BITWISE APTOS ETF” as a statutory trust through CSC Delaware Trust Company in Wilmington. As with previous filings, this Delaware registration is merely an initial administrative step toward a potential ETF launch. Bitwise is likely gearing up to submit an S-1 registration with the SEC, which could position them as the first asset manager in the U.S. to directly hold APT tokens. Currently, Aptos ranks as the 36th largest cryptocurrency by market capitalization, as reported by CoinGecko.
If the SEC approves the Aptos-based fund, it would provide institutional investors with exposure to the APT token without the need to purchase and store the cryptocurrency themselves. This could significantly enhance its liquidity and encourage broader adoption. Bitwise, known for being among the first asset managers to introduce spot Bitcoin and Ethereum ETFs in the U.S., launched its Aptos Staking exchange-traded product on six exchanges in Switzerland last November. Notably, the recent filing in Delaware has already sparked a double-digit increase in APT, which has risen by 10% in the last 24 hours, trading at $6.32 at the time of publication.
## Altcoin ETF Filings on the Rise
Last month, Bitwise also submitted documents to create an exchange-traded fund linked to the price of Dogecoin (DOGE). While the idea of memecoin ETFs seemed far-fetched under Gary Gensler’s SEC, which made it challenging for issuers to launch a spot Bitcoin ETF, the landscape appears to be shifting. With the return of pro-crypto President Donald Trump to the White House, the possibility of such funds now seems more attainable than ever.
Bitwise’s APT ETF filing coincides with a surge of interest from various ETF managers eager to gain approval for new crypto-based ETFs beyond Bitcoin and Ethereum. Asset managers like Rex Shares, Canary Capital, and 21Shares have recently applied to list XRP exchange-traded funds. Additionally, issuers are filing paperwork to launch funds that track the prices of Solana, Cardano, Litecoin, and Polkadot, as well as newer meme coins like Official Trump (TRUMP) and BONK.
