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Bitwise has just sent the S-1 to SEC file to lift the ETF crypto based on Aptos (APT). This approach indicates a long -term strategy of this digital asset. More details in the following paragraphs!
Crypto ETF without stuking but with Coinbase binding
Unlike certain funds, Bitwise decided to exclude for his ETF Crypto Aptos. The asset manager already has experience with this digital asset. Evidence: In November, ETP Aptos, who stood on the Swiss Stock Exchange, was six Swiss. However, the American edition of this crypt ETF does not offer this option.
As far as security is concerned, Bitwis has appointed Coinbase Coscodie as the main guardian of ETF digital assets. A decision that could assure institutional investors! No registration exchange has been confirmed so far. Also no fees or symbol ETF Crypto He has not been communicated yet.
Favorable context for Crypto ETF -based altcoins
Recent Bitcoin and Ethereum ETF approval has created a precedent that could play in favor New altcoins ETF. Bitwise has recently applied for ETF Dogecoin, Solana and XRP. This shows his interest in cryptocurrencies of strong acquaintance.
Although Aptos is presented as “Solana Killer”, it remains an atypical choice for the ETF. According to Coingecko, this crypto-active is currently classified 36. For market capitalization with $ 3.8 billion.
To see this project, Bitwise must send the 19B-4 form. This will start the period 240 days before the dry judgment is issued. This step is essential to allow Cutting ETF Aptos to a regulated scholarship.
With this new crypt ETF, he continues to explore opportunities on altcoins. SEC approval would be a strong signal for the crypto market. Meanwhile, this announcement increased a concise price that rose by 18 %in 24 hours.
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My name is Ariela and I’m 31 years old. I have been in the area of writing a website for 7 years. I have discovered discovery and cryptocurrency for only a few years. But it is a universe that interests me a lot. And subjects treated in the platform allow me to learn more. In my free time, the singer also cultivates a great passion for music and reading (and animals!)
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.