Bitwise has registered an entity "Bitwise Aptos ETF" in Delaware, according to the official registration portal.

Bitwise Crypto Asset Manager has registered an Aptos ETF entity in Delaware, according to information from the official government registration portal.

Registered on February 25, this is typically an initial step in the process of filing an S-1 form with the U.S. Securities and Exchange Commission (SEC).

Bitwise, one of the asset managers, has launched crypto spot ETFs in the U.S., and previously issued an Aptos Staking ETP on six Swiss exchanges in November. CEO Hunter Horsley said: "As Bitcoin and Ethereum ETPs were launched in the U.S., many investors have started researching and adding digital assets to their investment portfolios this year."

21Shares has also launched an Aptos Staking ETP in November on Euronext Amsterdam and Paris. Additionally, Bitwise recently registered a Doge ETF in Delaware in January.

This information comes as ETF managers are racing to file applications for altcoin ETF products. For example, Grayscale submitted a 19b-4 proposal on Tuesday with the SEC to list the Grayscale Polkadot Trust. Canary Capital also filed a 19b-4 for a spot HBAR ETF this week.

Aptos, a Layer-1 blockchain, launched its mainnet in 2022. Its APT Token has a market capitalization of $3.6 billion and is ranked 36th. In the past 24 hours, the price of APT has increased by 8.9% to $6.12, despite the widespread crypto sell-off.

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The article Bitwise Registers Aptos ETF in Delaware first appeared on CoinMoi.