Main to remember
- Bitwise asset management has been deposited to create a Trust Delaware for an Aptos ETF.
- This is part of the first time as the first to continue an investment product with APT tokens.
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Bitwise asset management has filed a file to establish a Delaware trustee entity for a Fund of Funds negotiated on the Aptos stock market, marking a first step before the official SEC registration.
The deposit is positioned in Bit as the first asset manager pursuing an investment product directly holding APT tokens in the United States. Aptos is currently the 36th largest cryptographic asset by market capitalization, according to Coingecko.
This decision comes in the midst of a broader expansion of Crypto ETF applications beyond Bitcoin and Ethereum, asset managers now pursuing funds for XRP, Solana, Dogecoin, Cardano, Litecoin and Hbar.
It is a story in development.
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