For The First Time, a Spot ETF Application Has Been Filed for This Altcoin

US-based crypto asset management firm Bitwise Asset Management has officially filed Form S-1 with the US Securities and Exchange Commission (SEC) for the first exchange-traded fund (ETF) connected to the Aptos (APT) ￰0￱ CEO Hunter Horsley said on social media “We have submitted our S-1 filing for the Aptos ￰1￱ to the quiet period I cannot share further details but we are excited about the momentum in the Aptos ecosystem.” The Bitwise Aptos ETF aims to provide investors with direct exposure to Aptos's value against the ￰2￱ fund aims to generate returns on the value of Aptos's holdings and maintain its net asset value (NAV) after deducting operating ￰3￱ News: Tether Moves to Purchase $200 Million Worth of Its Own Altcoin on the Market The ETF will reference the CF Aptos–Dollar Settlement Price index calculated by CF Benchmarks ￰4￱ fund will be managed by Bitwise Investment Advisers

￰5￱ to the application documents the fund's shares will be created and redeemed in “basket” units of 10,000 ￰6￱ the shares are planned to be listed on an exchange the exchange and ticker symbol have not yet been ￰7￱ is known for its Bitcoin and Ethereum-based investment ￰8￱ Aptos ETF application marks the company's first foray into layer-1 blockchain projects. *This is not investment ￰9￱ Reading: For The First Time a Spot ETF Application Has Been Filed for This Altcoin