Yesterday, Bitwise submitted an application to the SEC for the issuance of a spot ETF on Aptos.
The FORM S-1 has been filed on behalf of Bitwise Aptos ETF by Bitwise Investment Advisers, LLC.
As far as is known, this is the first application submitted to the SEC for the issuance on the USA market of a spot ETF on Aptos.
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The Aptos project
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Aptos is a level 1 blockchain founded by two former Facebook employees once as a competitor to Solana.
Its native cryptocurrency APT landed on the crypto markets in October 2022, in the midst of a bear-market, and has not yet taken off.
On the contrary, its market trend in the long term is essentially flat, although volatile.
The initial price was about $7.2, immediately dropping to $3.2 in a couple of months, due to the consequences on the crypto markets of the FTX collapse.
In 2023, it seemed instead that it could gain momentum, as it bounced back to historical highs, nearing $20 in January, but that bounce later turn
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