Bitwise has filed a paperwork to launch an Trade-Traded Fund (ETF) that tracks the worth of Aptos (APT), the native token of the APTOS community.
The asset supervisor hinted on the transfer final week when he submitted it to create a Delaware Belief Entity for the proposed APTOS ETF. APT is a scalable layer 1 blockchain token based mostly on a cellular programming language.
On Wednesday, Bitwise filed an S-1 doc with the Securities and Trade Fee, making the plan official. S-1 submitting is a requirement for companies searching for to problem new safety and is listed on public inventory exchanges.
To launch such a fund, the asset supervisor should additionally file a submitting of 19B-4. That is vital to point the required rule modifications on the inventory trade that you simply intend to checklist your investments.
The APT rose 18% within the final 24 hours, buying and selling at a worth of $6.48 on the time of press.
