Bitwise Files S-1 for Aptos (APT) ETF, Token Sees 18% Price Surge

Bitwise, a crypto ETF issuer, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that tracks the price of Aptos (APT), the native token of the Aptos network. This move follows Bitwise's recent filing to create a Delaware trust entity for the proposed Aptos ETF, which is based on the scalable layer 1 blockchain token utilizing the Move programming language.

The filing of the S-1 document is a crucial step towards launching the ETF, as it is required for companies seeking to issue a new security and list it on a public stock exchange. Additionally, a 19b-4 filing will be necessary to signal a requisite rule change at the stock exchange seeking to list the investment. APT saw an 18% increase in its price over the past 24 hours, trading at $6.48 at the time of the filing, as reported by Helene Braun of CoinDesk.

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