Bitwise applies to SEC to launch Aptos ETF

According to CoinDesk, Bitwise has submitted documents to apply for the launch of an ETF that tracks the price of the Aptos network native token, Aptos (APT). The asset management company disclosed its move last week when it submitted an application to create a Delaware trust entity for the proposed Aptos ETF. On Wednesday, Bitwise submitted an S-1 filing to the US Securities and Exchange Commission (SEC), officially launching this plan. The S-1 document is a necessary step for the company to issue new securities and list them on a public stock exchange. To launch such funds, the asset management company also needs to submit a 19b-4 document to indicate that the relevant securities exchange needs to make necessary rule changes, which also means that the SEC will face strict approval deadlines.