Bitwise has amended its ETF proposals for Dogecoin and Aptos to include in-kind redemptions, allowing investors to exchange ETF shares directly for the underlying tokens. This tax-efficient method is gaining attention from both the SEC and investors. The Aptos ETF is seen as a potential game-changer for the L1 ecosystem. In 2025, altcoin ETF filings have surged, reflecting a more open stance from the SEC under President Trump. However, some critics warn that crypto ETFs may undermine the decentralized nature of cryptocurrencies.