Important developments continue to occur in the cryptocurrency market. Finally, Bitwise, one of the leading asset management companies, has registered an ETF (Exchange Traded Fund) for Aptos (APT) in Delaware. This development has created a new wave in the cryptocurrency market and has also attracted the attention of investors.
Bitwise and Aptos ETF
Although this ETF registered by Bitwise in Delaware is not yet an official SEC application, it shows that the company is preparing for an SEC approval in the future. Bitwise has previously created funds for crypto assets such as Bitcoin and Ethereum and has managed to attract the attention of large investors.
The registration of the Aptos ETF means that institutional investors will have easier access to APT. If SEC approval is received, this ETF will be a new investment vehicle for individual and institutional investors. It can also accelerate the adoption of Aptos and increase its liquidity.
Aptos (APT) Price Impact
Bitwise's ETF registration created an immediate movement in the Aptos price. With the news, the APT price increased by approximately 10%. This situation once again showed how sensitive investors are to the impact of ETFs on cryptocurrency prices. Similar price increases were previously seen in Bitcoin spot ETF approvals.
Although it is not clear whether the ETF will receive SEC approval in the future, this development is considered a factor that increases Aptos' long-term potential.
SEC's Attitude and Market Expectations
The US Securities and Exchange Commission (SEC) is known for its recent tough regulations and lawsuits against the crypto sector. However, in recent weeks, it has been observed that the SEC has closed some important investigations and has begun to take a more flexible stance towards the sector. The closure of investigations into major projects such as Gemini, OpenSea and Uniswap is interpreted as a signal of a change in the SEC's approach.
In this context, whether an SEC application will be made for the Aptos ETF in the future and what attitude the regulatory body will take are matters of great curiosity.
Bitwise's registration in Delaware for the Aptos ETF has created excitement in the crypto market and increased investors' interest in APT. If the ETF is approved by the SEC, a major increase in liquidity and more institutional investor interest are expected for Aptos.
However, for now, the process is only in the registration phase and official applications and regulatory approvals are not yet clear. Investors need to follow the process carefully and observe how the SEC will approach in the future.
