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Bitwise has filed to list an Aptos ETF, which is the 36th largest cryptocurrency.

🔅Bitwise applied for a spot ETF for Aptos on March 5. Aptos is a layer-1 blockchain created by two former Facebook employees and was once considered a competitor to Solana.

🔅Bitwise has filed for a spot ETF that will allow investors to buy shares representing ownership of Aptos (APT) tokens. This move aims to provide a regulated investment option for those interested in the Aptos blockchain, which was developed by former Facebook employees. Bitwise has submitted an application to list a spot exchange-traded fund (ETF) for Aptos in the US. Aptos is a cryptocurrency created in 2022 by a team of former Facebook employees. This ETF will enable investors to gain exposure to Aptos tokens in a regulated manner.

🔅A 19b-4 form is a filing submitted to the SEC by a self-regulatory organization to propose a rule change, such as the listing of an ETF. The SEC has 75 days from the filing date to approve or disapprove the application, which can influence the timeline for ETF approvals significantly. Bitwise's application for the Aptos ETF will not only require the 19b-4 form but also needs to include details like the proposed fee and ticker symbol. Once the SEC acknowledges the filing, a 240-day period starts for them to make a decision on the application. This process is crucial for determining whether the ETF can be listed and traded in the market.

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