Bitwise Asset Management has filed to establish a Delaware trust entity for its proposed Aptos exchange-traded fund (ETF).
The Aptos ETF, if approved by the SEC, would provide institutional and retail investors with exposure to APT tokens, driving mainstream adoption and increasing liquidity in the market.
Bitwise's move to launch an Aptos ETF follows the increasing interest in altcoins as investment instruments in the crypto space.
Aptos, a Layer-1 blockchain, recently witnessed a surge in price, rising by 8.83% to $6.12 over the past 24 hours.