**Bitwise Takes Exciting Step Toward Aptos ETF in Delaware, Highlighting Growing Institutional Interest in Altcoin Investments**
Bitwise Asset Management is making waves by taking the first steps to launch an Aptos (APT) exchange-traded fund (ETF) in the United States. The company has officially registered a Delaware trust for the proposed Aptos ETF, signaling its commitment to bringing this investment opportunity to both institutional and retail investors. This initiative follows the successful introduction of Aptos exchange-traded products (ETPs) in Europe, including the Bitwise Aptos Staking ETP and the 21Shares Aptos Staking ETP. The news of this filing has sparked significant market interest, resulting in a 12.4% increase in APT’s price over the past 24 hours.
On February 25, Bitwise registered the Aptos ETF entity in Delaware, marking an important preliminary step before submitting a formal application to regulators. While this filing does not guarantee immediate approval, it positions Bitwise as the first asset manager in the U.S. to pursue an ETF directly linked to APT tokens. According to official documents, the BITWISE APTOS ETF has been registered in Delaware, USA. Previously, several APTOS ETPs have been launched in Europe, including the Bitwise Aptos Staking ETP and the 21Shares Aptos Staking ETP.
The next step for Bitwise involves submitting a detailed application to the U.S. Securities and Exchange Commission (SEC). This application will outline the ETF’s structure, investment strategy, and how it plans to track the performance of Aptos in the market. The SEC will then review the application, a process that could take several months, with outcomes ranging from approval to requests for modifications or even rejection. If approved, the Aptos ETF would provide investors with a way to gain exposure to APT without the need to hold or manage the asset directly, potentially increasing liquidity and encouraging further institutional adoption, similar to trends seen with Bitcoin and Ethereum ETFs.
Bitwise’s initiative reflects a broader trend in the crypto investment landscape, where asset managers are increasingly looking beyond Bitcoin and Ethereum to explore ETFs for alternative cryptocurrencies. The firm has previously filed for ETFs linked to XRP, Solana, and Dogecoin, indicating a growing demand for diverse crypto investment products. In Europe, Aptos ETPs have already gained popularity, with Bitwise launching an Aptos Staking ETP across six Swiss exchanges in November 2024. Around the same time, 21Shares introduced its own Aptos Staking ETP on Euronext Amsterdam and Paris. These investment products allow institutional investors to earn staking rewards while maintaining exposure to APT.
The push for an Aptos ETF comes at a time when the broader crypto market is evolving, with investors increasingly seeking regulated avenues for exposure to digital assets. The expansion of crypto ETFs represents an exciting development in the investment landscape, offering new opportunities for both seasoned and new investors alike.
