# Bitwise Submits Documents for Aptos ETF Registration in Delaware
Bitwise has initiated actions to potentially introduce an Aptos ETF by presenting the required documents to the Delaware Secretary of State.
According to details from the official registration site, Bitwise, a provider of exchange-traded funds, has made a request in Delaware for an Aptos (APT) ETF, indicating its intention to expand its cryptocurrency products. This step implies that the firm is preparing to submit a formal S-1 application to the U.S. Securities and Exchange Commission (SEC).
If the registration gains approval, Bitwise might emerge as the initial entity in the U.S. to introduce an exchange-traded fund that directly possesses APT tokens. APT serves as the native token of Aptos, a proof-of-stake Layer 1 blockchain created by Aptos Labs.
The Aptos ETP filing comes after the introduction of a set of Aptos ETPs in Europe, including the Bitwise Aptos Staking ETP and the 21Shares Aptos Staking ETP.
Soon after the filing details circulated, the worth of APT increased by 10%. According to crypto.news information, the token is presently being traded at $6.18.
This suggests that APT has recovered from a prior downturn. Over the past week, the token had decreased by 6.5%. In the past month, APT has dropped by almost 20%, and almost 40% over the past year.
Aptos has gathered a market capitalization of $3.6 billion, with a fully diluted valuation of $7 billion. In the past 24 hours, APT’s daily trading volume has touched $371 million, a rise of nearly 44% compared to the prior day.
Bitwise started its Aptos Staking ETP on six Swiss exchanges in November 2024. In the same month, 21Shares also introduced its Aptos Staking ETP on Euronext Amsterdam and Paris.
Last month, Bitwise presented a formal S-1 filing for a Dogecoin ETF, which had previously been registered in Delaware. The firm has also secured approval in the United States.
The U.S. Securities and Exchange Commission (SEC) is currently scrutinizing Bitwise’s submission for a joint Bitcoin and Ethereum ETF. This represents a pivotal stage, although the ETF cannot be introduced until the SEC also sanctions Bitwise’s S-1 registration form. Consequently, it is a period of anticipation to ascertain whether this novel investment instrument will be available.
