Aptos ($APT) Price Surges 18% as Bitwise Files for ETF, Paving the Way for Institutional Adoption
The post Aptos ($APT) Price Surges 18% as Bitwise Files for ETF, Paving the Way for Institutional Adoption appeared on BitcoinEthereumNews.com.
Aptos ($APT), the native cryptocurrency of the highly touted Layer-1 blockchain platform, saw an impressive price surge of 18% following the announcement that Bitwise has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch an Aptos-linked Exchange-Traded Fund (ETF). This move marks a significant milestone for Aptos and its growing presence in the world of decentralized finance (DeFi), as well as the broader cryptocurrency market. The proposed ETF is supposed to offer investors a new way to gain exposure to $APT, if it gets the thumbs up from the regulators. đ¨ @Aptos ETF in the Works? Bitwise Files S1 with the SEC đ¨ Big news for the @Aptos ecosystem! @BitwiseInvest has officially filed an S1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a potential @Aptos ETF. đđĽ This filing is the first step⌠pic.twitter.com/SoxKC6Fhmf â Aptos Insights đđ¤đ¤ (@AptosInsights) March 6, 2025 A Game-Changer for Aptos and DeFi Bitwiseâs SEC filing to form the Bitwise Aptos ETF is an initial gambit in trying to find the right investment vehicle that gives traditional investors access to the $APT token. If approved, the ETF will track the performance of Aptos in a way that, as of now, no other investment product in the United States does. Products that do track the performance of Aptos are mostly foreign, and those that arenât often come with reticence due to the underlying assetâs regulatory status. The filing follows closely behind Bitwiseâs recent establishment of a Delaware trust for the fund, which sets up the ETFâs structure. The fund will hold $APT tokens directly, using the CF Aptos-Dollar Settlement Price as its pricing benchmark. By tying the ETFâs performance directly to the Aptos token, it guarantees that investors can access the blockchainâs ecosystem and its future potential without havingâŚ
Filed under: News - @ March 7, 2025 7:28 am