Bitwise is seeking to bring Aptos exposure to U.S. investors, following its successful launch of Aptos staking ETFs on six Swiss exchanges. The wealth manager has submitted an S-1 registration form with the U.S. Securities and Exchange Commission (SEC) to list and trade shares for a spot Aptos exchange-traded fund (ETF).
Bitwise’s Push for an Aptos ETF
The filing follows last week’s Delaware registration of an entity named the “Bitwise Aptos ETF.” Aptos (APT), currently the 36th largest cryptocurrency by market capitalization at over $3.8 billion, offers layer-1 blockchain technology serving thousands of users and developers.
Bitwise previously introduced European investors to Aptos exposure through regulated ETF products that leverage APT’s proof-of-stake model. These Swiss-listed funds allow investors to earn crypto yield while accessing Aptos within a structured investment vehicle.
A Growing Wave of Crypto ETFs
Bitwise’s filing comes as a surge of crypto ETF applications outside of Bitcoin and Ethereum flood the SEC. U.S. regulators appear to be laying the groundwork for a friendlier stance on cryptocurrency-based investment products. Firms like Bitwise are actively exploring ETFs backed by other digital assets such as Dogecoin (DOGE) and XRP (XRP), while issuers have also submitted ETF requests for Litecoin (LTC) and Solana (SOL) funds.
Although it remains uncertain whether these products will gain Wall Street approval, the SEC’s regulatory approach may be shifting. The new Republican-led SEC, under President Donald Trump, could take a more flexible stance toward cryptocurrency ETFs, potentially paving the way for new investment opportunities.
SEC’s Changing Approach to Crypto Regulation
The SEC has recently signaled a change in its approach to crypto regulation. The agency has ended several high-profile enforcement cases against major industry players like Coinbase and has established a new Crypto Task Force aimed at repairing relations with the blockchain industry.
As regulatory clarity improves, the fate of crypto ETFs, including Bitwise’s Aptos ETF, could hinge on the SEC’s evolving stance. If approved, the product would mark a major step in expanding Aptos accessibility to U.S. investors, further legitimizing digital asset investments in traditional markets.
