Bitwise Submits Revised Filing for Spot Dogecoin ETF and Spot Aptos ETF
On June 26, according to reports, Bloomberg's ETF analyst, Eric Balchunas, revealed that Bitwise has submitted a revised S-1 filing for two new cryptocurrency ETFs: the Spot Dogecoin ETF and the Spot Aptos ETF. This is seen as an important step, indicating that the U.S. Securities and Exchange Commission (SEC) is actively engaging deeply in the approval process.
The SEC's Active Participation in the Approval Process
With the SEC directly involved in the evaluation process, expectations for the approval of asset-backed funds (spot ETFs) are becoming clearer. This is not only a positive sign for Dogecoin and Aptos but also reflects the trend of the U.S. regulator opening up to the cryptocurrency market.
The Impact of Spot Dogecoin ETF and Spot Aptos ETF on the Cryptocurrency Market
The launch of the Spot Dogecoin ETF and Spot Aptos ETF promises to enhance liquidity and expand access for both institutional and individual investors. Unlike futures-based funds, spot ETFs allow for the direct holding of the cryptocurrency, limiting derivative risks and asynchronous price volatility.
The Cryptocurrency ETF Market is Growing Strongly
This progress also means that cryptocurrency-related ETF products are becoming increasingly diverse and abundant, thereby attracting significant capital inflows from professional investment funds and long-term investors. It is expected that when the two ETFs are approved, the cryptocurrency market will experience strong growth in trading volume and capitalization.
Closely monitoring the approval process of cryptocurrency spot ETFs will help investors seize better investment opportunities. Bitwise is affirming its pioneering position in this field, contributing to bringing cryptocurrencies closer to the traditional market globally.
Source: https://tintucbitcoin.com/bitwise-chinh-s-1-thuc-day-etf-spot/
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