Bitwise registers Aptos ETF in Delaware, boosting APT price.

Aptos (APT) experienced a 12% price surge despite a broader market downturn. This follows Bitwise Asset Management's official registration of an Aptos ETF entity in Delaware, a significant step toward providing traditional investors with easier access to Aptos through an ETF.

Bitwise's Registration Signals Intent for SEC Approval

The February 25th registration demonstrates Bitwise's commitment to launching an Aptos-focused ETF. This action is expected to precede an application to the U.S. Securities and Exchange Commission (SEC) for approval. This follows Bitwise's previous filings for ETFs focused on other cryptocurrencies, including XRP, Solana (SOL), and Dogecoin (DOGE).

Source: Department of State: Division of Corporations

European Precedent for Aptos ETPs

This development follows the November 2024 launch of a Bitwise Aptos Staking ETP on six Swiss exchanges. Further details regarding other ETP launches were omitted.

This news originally appeared on Coin Edition.