Bitwise Proposes Aptos-Tracking ETF

Bitwise Aims to Launch ETF for Aptos Token

Bitwise has taken a significant step forward by submitting formal documentation for the creation of an exchange-traded fund (ETF) that will monitor the price movements of Aptos (APT), the digital token integral to the Aptos network.

Last week, hints of this development surfaced when the asset management firm filed to establish a Delaware trust entity, a precursor for the proposed Aptos ETF. Aptos (APT) is a native token of a scalable layer 1 blockchain, utilizing the Move programming language.

The move underscores Bitwise's commitment to expanding its offerings in the cryptocurrency space, providing more opportunities for investors to engage with blockchain technology.