Bitwise Asset Administration has filed to determine a Delaware belief entity for a proposed Aptos exchange-traded fund, marking an preliminary step earlier than formal SEC registration.
The submitting positions Bitwise as the primary asset supervisor pursuing an funding product straight holding APT tokens within the US. Aptos presently ranks because the thirty sixth largest crypto asset by market capitalization, in response to CoinGecko.
The transfer comes amid a broader growth of crypto ETF functions past Bitcoin and Ethereum, with asset managers now pursuing funds for XRP, Solana, Dogecoin, Cardano, Litecoin, and HBAR.
