Bitwise recently modified its ETF proposals for Dogecoin and Aptos, incorporating an 'in-kind redemption' mechanism that allows investors to directly exchange ETF shares for the underlying tokens. This method is more tax-efficient and has garnered attention from the SEC and investors. The Aptos ETF is seen as a potential significant turning point for the L1 ecosystem. In 2025, the number of Altcoin ETF applications saw a substantial increase, reflecting the SEC's more open attitude towards the cryptocurrency industry during President Trump's administration. However, some experts worry that these funds will undermine the decentralized nature of cryptocurrencies.

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