Bitwise, a crypto ETF issuer, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that tracks the price of Aptos (APT), the native token of the Aptos network. This move follows Bitwise's recent filing to create a Delaware trust entity for the proposed Aptos ETF, which is based on the scalable layer 1 blockchain token utilizing the Move programming language. The filing of the S-1 document is a crucial step towards launching the ETF, as it is required for companies seeking to issue a new security and list it on a public stock exchange. Additionally, a 19b-4 filing will be necessary to signal a requisite rule change at the stock exchange seeking to list the investment. APT saw an 18% increase in its price over the past 24 hours, trading at $6.48 at the time of the filing, as reported by Helene Braun of CoinDesk. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io