{"id":16385,"date":"2025-03-05T22:16:48","date_gmt":"2025-03-05T22:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16385"},"modified":"2025-03-05T22:16:48","modified_gmt":"2025-03-05T22:16:48","slug":"bitwise-files-s-1-form-to-launch-aptos-etf-in-the-us-token-surges-7","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16385","title":{"rendered":"Bitwise files S-1 form to launch Aptos ETF in the US, token surges 7%"},"content":{"rendered":"
\n

Bitwise<\/a> has filed an S-1 application form twith the US Securities and Exchange Commission (SEC) on Mar. 5 to launch an Aptos (APT<\/a>) exchange-traded fund (ETF).<\/span><\/p>\n

The news caused APT to surge 7% in one hour, increasing from $6.06 to $6.50 as of press time, based on CryptoSlate<\/em> data.<\/span><\/p>\n

According to the <\/span>filing<\/a>, <\/strong>the ETF\u2019s net asset value (NAV) will be determined using the CF Aptos-Dollar Settlement Price, a pricing benchmark aggregating trading data from major Aptos trading platforms. Coinbase<\/a> will act as the ETF custodian.<\/span><\/p>\n

Additionally, the fund will be cash-settled, and the shares will be created and redeemed in blocks of 10,000 shares.<\/span><\/p>\n

The formal filing of the S-1 Form comes one week after Bitwise<\/span> registered the fund<\/a><\/strong> with Delaware\u2019s Department of State. Following this news, APT jumped 8%.<\/span><\/p>\n

Bitwise previously launched an Aptos exchange-traded product (ETP) on the SIX Swiss Exchange in November 2024. The ETP offers staking of the underlying APT tokens.\u00a0<\/span><\/p>\n

Aptos\u2019s official profile on X<\/span> posted<\/a><\/strong> about the filing, acknowledging it as the \u201cinitial step toward offering an ETF linked to Aptos in the US market.\u201d<\/span><\/p>\n

Avery Ching, CEO and co-founder of Aptos Labs, said<\/span>\u00a0the filing is a \u201cbig first<\/a>\u201d for the Move ecosystem. Move is the underlying programming language for Aptos, created by developers involved in Meta\u2019s defunct stablecoin project, Libra.<\/span><\/p>\n

ETF trend<\/span><\/h2>\n

The Bitwise Aptos ETF follows a trend that started after President Donald Trump<\/a> was elected. Bitwise recently filed for a Dogecoin (DOGE<\/a>) ETF and is waiting for the conversion of its index tracking 10 different cryptos, which the SEC recently delayed.<\/span><\/p>\n

Other filings from different asset managers include Litecoin (LTC<\/a>), Solana (SOL<\/a>), Cardano (ADA<\/a>), Hedera (HBAR<\/a>), and XRP<\/a>.\u00a0<\/span><\/p>\n

Bloomberg ETF analysts James Seyffart<\/a> and Eric Balchunas<\/a><\/span> predicted<\/a><\/strong> such movement in late 2024, as the prospect of a crypto-friendly administration in the US would boost the odds of approvals and create a \u201cwave of crypto ETFs.\u201d<\/span><\/p>\n

The post Bitwise files S-1 form to launch Aptos ETF in the US, token surges 7%<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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. According to the filing, the ETF\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16385","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16385"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16385\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}