Bitwise applies to US SEC to launch Aptos ETF

PANews reported on March 6 that according to CoinDesk, Bitwise has submitted documents to apply to launch an ETF that tracks the price of Aptos (APT) native tokens in Aptos. The asset manager had revealed the trend last week when it filed an application to create a Delaware Trust entity for the proposed Aptos ETF. On Wednesday, Bitwise filed the S-1 document with the U.S. Securities and Exchange Commission (SEC), officially launching the program. The S-1 document is a necessary step for a company to issue new securities and list on a public stock exchange.

To launch such funds, the asset management company will also need to file 19b-4 documents to indicate that the relevant stock exchanges need to make necessary rule changes, which also means that the SEC will face strict approval deadlines.