Bitwise Moves to Launch Spot Aptos ETF as Price Surges
The post Bitwise Moves to Launch Spot Aptos ETF as Price Surges appeared on BitcoinEthereumNews.com.
Key Takeaways: Bitwise has filed an S-1 application with the SEC to launch a spot Aptos ETF. This move is part of Bitwise’s strategy to expand its ETF offerings beyond Bitcoin and Ethereum. Investors reacted positively to the news, driving APT’s price up significantly upon the announcement. Demand for a spot APT product has reached new heights with crypto asset manager Bitwise being the latest company to file an application with the U.S. Securities and Exchange Commission (SEC) to list a spot Aptos (APT) exchange-traded fund (ETF). Is Bitwise’s Aptos ETF Filing a Tactical Play? This follows Bitwise’s February 28th registration of a trust related to the Aptos ETF in Delaware, signaling their strong interest in this product. Aptos ETF is unique as Bitwise has been looking to launch ETFs for major cryptos including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP, and Dogecoin (DOGE). Aptos is currently at a much earlier stage, ranking as the 36th largest cryptocurrency by market cap at $3.8 billion, according to CoinGecko, compared to the other cryptocurrencies Bitwise is targeting. This raises an important question: why Aptos? One theory is that Bitwise believes in the long-term potential of Aptos’s technology and ecosystem. Backed by its parallel execution engine, Block-STM, Aptos can reach a transaction speed of over 130,000 transactions per second (TPS) at a low cost. Aptos Blockchain-Ecosystem and Partnerships To properly understand what an Aptos ETF would mean, we must dive deeper into the underlying technology that powers the Aptos blockchain. While many prior blockchains process transactions in sequence, Aptos employs a parallelization engine—Block-STM. This parallelization engine allows transactions to be processed simultaneously, increasing the network’s throughput. Unlike traditional blockchain models that face bottlenecks due to sequential transaction processing, Aptos’s innovative approach significantly enhances efficiency and scalability, making it a strong contender in the competitive…
Filed under: News - @ March 20, 2025 9:29 pm