Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency
Bitwise filed a spot ETF application for Aptos on March 5, a layer-1 blockchain founded by two former Facebook employees once touted as a “Solana killer.”
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Bitwise filed a spot ETF application for Aptos on March 5, a layer-1 blockchain founded by two former Facebook employees once touted as a “Solana killer.”
Bitwise has filed an S-1 application form twith the US Securities and Exchange Commission (SEC) on Mar. 5 to launch an Aptos (APT) exchange-traded fund (ETF). The news caused APT to surge 7% in one hour, increasing from $6.06 to $6.50 as of press time, based on CryptoSlate data.
Bitwise wants to bring Aptos exposure to U.S. investors, as it did for European traders on six Swiss exchanges.
Bitwise Asset Management filed an S-1 registration statement on Wednesday with the U.S. Securities and Exchange Commission (SEC) to launch the Bitwise Aptos ETF. The post Bitwise Files S-1 Registration for Aptos ETF appeared first on Cryptonews.
Bitwise filed to create an Aptos ETF, building on the Delaware Trust application last week. Aptos is a “Made in USA” cryptocurrency, which may help its chances of approval with the SEC.
Bitwise will grow its ETF portfolio with Aptos (APT), after filing a preliminary S-1 prospectus.
The asset manager filed an S-1 registration with the U.S. Securities and Exchange Commission for a spot Aptos exchange-traded fund.
Bitwise Asset Management has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) focused on Aptos (APT). Following the filing, the price of APT increased by 15.82% in the last 24 hours, reaching $6.26.
The asset manager submitted paperwork with the Securities and Exchange Commission (SEC) for the fund on Wednesday.
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Aptos (APT) has taken a significant hit, with its price dropping to $6.20, reflecting a 4.85% decline in the last 24 hours. The cryptocurrency's market capitalization now stands at $3.65 billion, which has also dropped by nearly 5%.
Aptos (APT) is currently at a critical juncture in its price action, testing a crucial support zone around $5.91. At press time, APT is priced at $6.18, reflecting a 9.48% increase, as it shows signs of a potential rebound from this support level.
Bitwise Asset Management has taken a major step towards launching an Aptos-focused exchange-traded fund (ETF) by registering an Aptos ETF entity in Delaware. The filing, submitted on February 25 to the Delaware Division of Corporations, signals the company's intention to introduce a spot ETF centered on the layer-1 cryptocurrency Aptos.
Bitwise Asset Management has moved forward with a filing to establish an Aptos (APT) exchange-traded fund (ETF) by registering a Delaware trust. This filing marks the first effort by an asset manager to create a dedicated ETF for Aptos, positioning Bitwise as a pioneer in bringing the token to a broader investment audience.
Aptos holds a critical support zone, showing signs of a bullish reversal.
Bitcoin, Ethereum, and other top cryptocurrencies are holding onto their recent losses, while Aptos surged following an ETF filing.
Aptos (APT) has spent the past month consolidating within a tight range, with its price bouncing between $5.63 and $6.53. This stagnation has been primarily driven by broader market volatility, leaving traders uncertain about the token's direction.
Bitwise Asset Management has registered an Aptos ETF entity in Delaware, a move that could open future spot exchange-traded funds centered on the layer-1 crypto.
TL;DR Bitwise has registered the “Bitwise Aptos ETF” in Delaware, signaling its intent to file a formal application with the SEC to launch a fund based on Aptos (APT). APT's price surged 10.63% in 24 hours, defying the bearish trend in the crypto market and highlighting the growing interest in this Layer 1 blockchain.
The Aptos (APT) token defied the broader crypto market downturn, surging over 8% after Bitwise registered an interest in launching a spot exchange-traded fund (ETF) focused on the asset. While major cryptocurrencies like Bitcoin and Ethereum dropped more than 3% during this period, APT outperformed the top 50 digital assets, reaching $6.
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Bitwise registers a Delaware trust for an Aptos (APT) ETF, marking a significant step in the ETF's launch process. Aptos (APT) price surges 10.05% following the ETF news, trading at $6.18 with a market cap of $3.64 billion.