Bitwise submits paperwork to launch an exchange-traded fund (ETF) that monitors the price of aptos (Apt), the native token of the aptos network.
The asset manager introduced the move last week to file to create a delaware -confidence creature for a suggested APTOS ETF. APT is a scalable layer 1 blockchain token based on the language transfer language language.
On Wednesday, bitwise filed a document s-1 The Securities and Exchange Commission includes, making its plans official. S-1 filing is a requirement for companies seeking to issue a new security and listed in a public stock exchange.
To launch such funds, the asset manager will also have to file a 19B-4 filing, which is required to signal a required change in the stock exchange rule that seeks to list the investment and tie the SEC to a strict deadline.
APT traded 18% higher in the past 24 hours, for $ 6.48 at the time of press.
