The ETF Race for Dogecoin and Aptos: New Signals, High Expectations

Bitwise Asset Management has just updated its filings for two Dogecoin and Aptos ETFs, raising hopes for the early approval of new altcoin ETFs, according to expert Eric Balchunas from Bloomberg.

According to Balchunas, #SEC is collaborating more closely with ETF issuers, unlike the previously tense attitude towards Bitcoin spot ETFs. The new filings have added the “in-kind creation” feature, allowing direct exchange of Dogecoin or Aptos for ETF shares without needing to sell, reducing transaction fees and price volatility.

Balchunas predicts that Dogecoin, Aptos, and a series of other altcoins could be approved in the next 2–4 months, according to the team and the gradual rollout plan, avoiding market shock.

The new filings of #Bitwise are also part of a wave of over 30 altcoin ETFs awaiting SEC approval, following the success of previous Bitcoin and Ethereum funds. Bitwise's Bitcoin spot fund alone has attracted over $2.1 billion, contributing to bringing the total assets of crypto ETFs in the U.S. to around $130 billion.

👉 Investment Warning: Although altcoin ETFs open up new opportunities, investors need to be cautious of strong price volatility – as Dogecoin has dropped 30% in the past month. Always be mindful of capital management and protect your personal wallet against cyberattack risks.