Bitwise filed to list a spot Aptos ETF
What is Aptos?
Aptos is currently the 36th largest crypto, which is a Layer-1 blockchain brought out to be a Solana Killer. Hmm, If I had a dollar for every time I heard that I would have a nice stash of cash. I digress, it was started by two former Facebook employees Mo Shaikh and Avery Ching way back in '21, and their mainnet was not launched until 2022. It boasts very fast speeds.
Bitwise filed this application back on March 5th
an intersting part of their submission is they did NOT file for Aptos Staking. Currently no indication as to which Stock Exchange they intend to list this ETF on.
Who else is showing Aptos love?
- Franklin OnChain US Government Money Fund (FOBXX)
- Apollo ($APO) to launch ACRED, a tokenized feeder fund for Apollo’s $1.2B Diversified Credit Fund, allocates a portion to Aptos
- Ondo Finance, a pioneer in tokenizing real-world assets (RWAs), integrated with Aptos
Summary
When weighed out versus all the other Bitwise ETF submissions this one is an outlier straying from the major players. Which makes me ask, what do they know that I do not?
Credits - Blog images:
Bitwise piggy bank to beincrypto - all rights remain
Aptos logo - bitfanzas.com - all rights remain
