Bitwise has submitted paperwork to launch an Exchange-Traded Fund (ETF) that tracks the price of Aptos (APT), the native token for the Aptos network.
Asset Manager suggested on the move last week when it filed to create a Delaware Trust device for a suggested APTOS ETF. APT is a scalable layer 1 blockchain token based on moving programming language.
On Wednesday, Bitwise filed an S-1 document to Securities and Exchange Commission, making its plans official. The S-1 archiving is a requirement for companies that seek to issue a new security and be listed on a public stock exchange.
In order to launch such a fund, the Asset Manager must also submit a 19B-4 archiving, which is required to signal a necessary rule change on the stock exchange trying to indicate the investments and binds SEC to a strict deadline.
APT acted 18% higher over the last 24 hours at a cost of $ 6.48 at the time of press.
