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The U.S.-based asset management giant Bitwise Asset Management has taken a notable step in the crypto market. The company has filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot ETF for Aptos (APT).
Official Statement from Bitwise CEO
Hunter Horsley, CEO of Bitwise, confirmed via social media platform X that the company has submitted an S-1 form to the SEC for the Aptos ETF. Horsley stated:
“I can’t share details right now due to the quiet period, but I’m extremely excited about the strong momentum in the Aptos ecosystem.”
This statement has been interpreted as Bitwise potentially taking the first major institutional step in support of Aptos.
Bitwise Continues Altcoin ETF Moves
Bitwise remains one of the pioneering firms in the crypto ETF space. Following its Bitcoin and Ethereum ETFs, the company’s application for an Aptos ETF highlights growing institutional interest in Layer-1 blockchain projects.
Aptos is recognized for its high scalability similar to Solana and its Move language-based technology. Bitwise’s ETF application is seen as a sign of confidence in the Aptos ecosystem and its long-term potential.
SEC Approval Process and Market Expectations
The application comes at a time when the SEC has been accelerating crypto ETF approval processes. If approved, the Aptos ETF would become one of the first Layer-1 altcoin ETFs on the market.
Crypto analysts suggest that this move could boost Aptos’ price and increase institutional interest across the broader altcoin market.
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