Bitwise Asset Management has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the price of the Aptos (APT) cryptocurrency.
Aptos is a Layer 1 blockchain launched in October 2022 by former Facebook employees, and it’s positioned as a high-speed, low-cost alternative to existing networks.
Following the ETF filing, the price of APT surged by 7%, reaching $6.50.
The launch of an Aptos-based ETF could boost the token’s accessibility for investors and increase its overall market liquidity.
