Bitwise submitted documents to launch a negotiated stock market (ETF) according to the Aptos price (APT), the native token of the Aptos network.
The asset manager suggested the move last week when he submitted a file to create a Delaware trust entity for a proposed Aptos ETF. Apt is a scalable layer 1 blockchain token based on Move programming language.
On Wednesday, Bitwise filed an S-1 document with the Securities and Exchange Commission, which makes its plans official. The S-1 file is a requirement for companies seeking to issue a new guarantee and to be entered in a public scholarship.
To launch such a fund, the asset manager must also file a 19B-4 file, which is necessary to report a change of rule required on the stock market seeking to list the investment and links the dry to a strict deadline.
APT was negotiating 18% in the last 24 hours, at a price of $ 6.48 at the time of the press.
