Bitwise Files for Bitwise Aptos ETF

Summary of context

Bitwise Asset Management has taken a major step in expanding its cryptocurrency portfolio by registering the “Bitwise Aptos ETF” in the state of Delaware, USA. The move, announced on February 25, 2025, shows that Bitwise is preparing to file an S-1 with the US Securities and Exchange Commission (SEC) to officially launch an ETF for the Aptos token (APT).

Previously, in November 2024, Bitwise introduced the Aptos Staking ETP product on six exchanges in Switzerland, allowing investors to access APT through traditional financial channels. In addition to Bitwise, 21Shares has also listed a similar product on Euronext Amsterdam and Paris, reflecting the growing interest from institutional investors in Aptos.

However, bringing the Aptos ETF to the US market is not an easy task. Although the SEC has approved ETFs for Bitcoin and Ethereum, the approval process for altcoins like Aptos is still challenging due to unclear regulations.

Bitwise Aptos ETF Proposal Filing

Aptos – High Performance Layer 1 Blockchain:

Launched in 2022, Aptos is developed by the team that worked on Meta's blockchain project, with support from major investors such as Andreessen Horowitz, Apollo Global Management, PayPal Ventures, and Franklin Templeton Investments.

This blockchain has attracted over 8 million monthly active users, thanks to its high performance and low transaction costs, suitable for enterprise-scale applications.

Bitwise's pioneering registration of an ETF for Aptos not only opens up new investment opportunities for traditional investors, but also contributes to promoting the development and widespread acceptance of innovative blockchain projects like Aptos in the global financial market.

Response from Bitwise

Bitwise Asset Management has officially launched the Bitwise Aptos Staking ETP on the SIX Swiss Exchange on November 19, 2024.

This is the world's first ETP product that allows investors to directly access Aptos tokens (APT) through a regulated market.

Bitwise Aptos Staking ETP Highlights:

• Access Aptos through traditional markets: This product is designed to serve both institutional and individual investors, providing the opportunity to invest in Aptos through a familiar and tightly regulated financial channel.

• Integrated staking mechanism: This ETP not only holds physical APT tokens but also participates in staking, expected to bring about 4.7% profit after deducting fees, accumulated directly into the value of the ETP.

Reaction from the market and stakeholders:

The launch of the Bitwise Aptos Staking ETP marks a major step forward in bringing crypto-related investment products to the traditional financial market. This move not only expands Bitwise’s product portfolio in Europe, but also provides investors with a new tool to access and benefit from the potential of the Aptos blockchain.

The price of the APT token reacted positively to this news, with a significant increase in the 24 hours after the ETP was announced. This shows the growing interest from the investment community in crypto-related financial products.

With the continuous expansion and diversification of investment products, Bitwise continues to affirm its position in providing innovative investment solutions and in line with global cryptocurrency market trends.