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.
Bitwise Submits S-1 Filing for Aptos ETF
Bitwise Investment Advisers, LLC, an asset management firm, has taken a step toward launching an Aptos-based ETF in the United States. The company filed an S-1 application with the SEC, signaling its intention to offer investors exposure to Aptos through a regulated investment product.
According to the US SEC filing, the proposed Aptos ETF will hold Aptos and determine its net asset value (NAV) based on the CF Aptos–Dollar Settlement Price. This pricing benchmark is calculated by CF Benchmarks Ltd., which aggregates trade flow data from major Aptos trading platforms.
The ETF does not yet have a confirmed ticker symbol or a designated trading exchange. Bitwise has not disclosed the management fee percentage, but the fund aims to provide investors with direct exposure to the value of Aptos, minus operational costs.
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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
