Bitwise Files for Aptos ETF, Sparking a 18% Rally for APT
Bitwise applied for the Aptos ETF that was established on the Delaware Trust application last week. Aptos is a “made in the United States” cryptocurrency, which may help with the opportunity to obtain approval with the SEC.
However, currently, SEC is handling a large number of ETF applications. Even if it takes some time to consider aptos, these files will still create bullish momentum.
Aptos enters ETF race
since Former Chairman Gary Gensler Leaving the SEC, I have received it The new wave of ETF applications. Committee Progress has begun Moving towards several new Altcoin ETFs, potential issuers are Branching to meme coins.
Soon, the SEC will have to consider new products, as a Filed Create an Aptos ETF.
drill Start laying the foundation for Aptos ETF Apply to establish an Aptos ETF trust last week. Today’s new applications are designed to convert this existing trust into mature ETFs, which is a fairly standard practice for encrypting ETFs.
Trust paperwork only Aptos’ price surgethis new development has also fueled bullish sentiment.
Aptos soared more than 18% after ETF submission, while last week’s Trust paperwork would only result in a 10% rate. Some things may explain this more optimistic feeling.
Naturally, the process is developing and these continuous developments may help spread the news to possible investors. However, another factor seems very reasonable.
President Trump thanks to Bitwise’s Aptos ETF Trust submission New crypto reserve plan announced. This new reserve includes not only Bitcoin, but also purchase Several “Made in the United States” crypto groups.
Aptos is far from the biggest asset Listbut it still qualifies. Over the past few months, Aptos has passed Significant partnership with circles.
Ultimately, this is still early in the process. SEC has accumulated a serious backlog of fresh ETF applications, while Aptos is far from the list.
But even if it is not clear how likely the approval may be, this is still good news. Documents alone caused the right price rally, which is a positive development Extreme fear dominates the crypto market.
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