Bitwise Files for Spot Aptos ETF, Expanding Crypto Investment Options

Crypto asset manager Bitwise has taken a significant step toward broadening its exchange-traded fund (ETF) lineup, filing an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on March 5, 2025, to list a spot Aptos ETF. This follows the registration of a related trust in Delaware on February 28. The proposed Bitwise Aptos ETF targets the Aptos token, launched in 2022 by Aptos Labs, a team founded by former Facebook (now Meta) employees. The filing names Coinbase Custody as the custodian but leaves key details—such as fees, ticker symbols, and the target stock exchange—unspecified for now.

Aptos, a layer-1 blockchain designed for scalability and speed, is often viewed as a rival to Solana. Its creation by ex-Meta engineers lends it credibility in the competitive altcoin landscape. Bitwise’s move signals growing confidence in Aptos’ potential, marking the firm’s latest expansion beyond its established Bitcoin and Ether ETFs. Recent filings for Solana, XRP, and Dogecoin ETFs further illustrate Bitwise’s aggressive push into diverse crypto assets.

The Aptos ETF filing builds on Bitwise’s prior experience with the token. In Europe, the firm already offers an Aptos Staking Exchange-Traded Product (ETP) on the SIX Swiss Exchange, delivering a 4.7% staking yield to investors. This U.S. spot ETF, if approved, would provide American investors with direct exposure to Aptos’ price movements without the complexities of staking or custody.

Bitwise’s filing arrives amid a maturing crypto ETF market, with investors increasingly seeking regulated vehicles for altcoin exposure. While the SEC’s stance on altcoin ETFs remains cautious, Bitwise’s track record and detailed S-1 submission could bolster its case. As the crypto investment landscape evolves, the Bitwise Aptos ETF could pave the way for mainstream adoption of emerging blockchain technologies.

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