Bitwise CEO: Aptos ETF Application Excites Us

Recently, the volatility in the cryptocurrency market continues to attract the attention of investors. In this context, Hunter Horsley, CEO of Bitwise Asset Management, announced that the company has officially applied to the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on Aptos (APT).

Horsley stated on the social media platform X, “I can't provide too many details due to the quiet period, but the momentum in the Aptos ecosystem excites us a lot.” This announcement has sparked curiosity and excitement among cryptocurrency investors, while also increasing speculation about the opportunities presented by the Aptos ETF.

According to SEC records, Bitwise indicates that the Aptos ETF aims to provide investors with direct exposure to Aptos’ price movements. The fund's value will be determined based on the CF Aptos-Dollar Settlement Price index calculated by CF Benchmarks. The ETF’s annual management fee will be charged as a percentage of the fund's total assets.

This development represents a new step in the expansion of ETFs in the market. In recent weeks, similar applications have also been made for various cryptocurrency assets such as Solana (SOL), Litecoin (LTC), and XRP. Experts predict that the approval of the Aptos ETF could direct institutional investors' interest towards this network, potentially having a positive impact on Aptos’ price.

The developments occurring in the cryptocurrency market also bring important points that investors need to pay attention to. The potential value increase in the Aptos ecosystem and the reflections of institutional interest in the markets could create opportunities for investors while diversifying their portfolios. As a result, ETF applications and related developments have become a critical topic for investors to monitor.