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Crypto asset manager Bitwise has submitted an S-1 registration for an Aptos ETF to formalize its proposal, following preliminary administrative actions to register the trust entity in Delaware.
An S-1 registration is an official document mandated by the U.S. Securities and Exchange Commission (SEC) for a new security, such as a crypto ETF, to be made available to the public.
The Bitwise Aptos ETF filing represents just the first step, and the approval process may extend over several months or longer.
Earlier in March, @BitwiseInvest initiated the regulatory process for a potential Aptos ETF, marking the first offering of an Aptos-linked ETF in the U.S.
Since that time, Aptos Labs’ @AveryChing has testified before Congress, and @worldlibertyfi announced that USD1 is coming to Aptos.
Let that sink in. https://t.co/JxQ92YGXMq— Aptos (@Aptos) October 4, 2025
Bitwise Aptos ETF Undergoes SEC Review: Approval May Require Months
The SEC will thoroughly evaluate the application, considering aspects such as market risk, investor protection, and regulatory adherence before reaching a conclusion.
Bitwise CEO Hunter Horsley confirmed the filing in a recent post on X, which indicated that the Aptos Layer-1 blockchain has outpaced development activities among new blockchain entrants by over 897%.
Horsley noted that he cannot provide further details about the Aptos ETF during the quiet period, stating, “But fired up about the momentum in the Aptos ecosystem.”
Bitwise @BitwiseInvest has an S-1 filing in for an Aptos ETF —
Can’t say more during quiet period.
But fired up about the momentum in the Aptos ecosystem. https://t.co/BSl2loKqq3— Hunter Horsley (@HHorsley) October 4, 2025
Shortly after the filing announcement, Aptos experienced a rise from $4.63 to a peak of $5.65 before stabilizing around $5.52 at the time of reporting.
Source: CoinMarketCap
Trading volumes also surpassed $3.98 billion, reaching a three-month high for both price and volume.
It is noteworthy that Aptos Labs CEO Avery Ching is officially part of the Commodity Futures Trading Commission’s (CFTC) Digital Assets Global Markets Advisory Committee (GMAC) subcommittee.
The CFTC specifically highlighted that Ching will work alongside other leaders from Web3 and financial services to help shape regulations for digital assets.
Many believe his appointment could facilitate internal discussions with regulators regarding the necessity for an Aptos ETF.
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For European investors, Bitwise already offers a similar product listed in Switzerland on the SIX Swiss Exchange, indicating growing confidence that the U.S. counterpart may see an Aptos ETF launched before the end of 2025.
When asked about the niche that Aptos occupies in the Layer-1 blockchain sector, where Ethereum, Solana, BNB Chain, Sui, and Tron have already established dominance, Horsley stated that Aptos is preferred by institutions due to its exceptional speed and cost efficiency.
The assertion of institutional preference for Aptos appears to be credible.
BlackRock’s $2B BUIDL Fund Supports Aptos Ahead of ETF Decision
In November 2024, BlackRock, the largest asset manager globally, broadened access to its tokenized real-world asset fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to encompass Aptos.
Securitize’s CEO, Carlos Domingo, mentioned that the decision to include Aptos was aimed at enhancing the accessibility of what has become the largest money-market token of its type.
According to him, “we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do.”
Regarding transaction speed and cost, Aptos, a layer-1 blockchain platform developed by former Facebook employees, recently achieved a new milestone in blockchain transactions.
In May, Aptos outperformed Solana by recording an impressive 115.4 million transactions in a single day, significantly surpassing Solana’s 31.7 million, as reported by Aptoscan.
BREAKING: @Aptos FLIPS @solana IN DAILY TRANSACTIONS pic.twitter.com/rHuK6k1Ol0
— DEGEN NEWS (@DegenerateNews) May 25, 2024
This surge not only broke previous records but also exceeded the L1 record of over 65 million held by Sui Network by a remarkable margin of over 50%.
In addition to transaction volume, Aptos has also been demonstrating growth in stablecoin activities.
Data shared by the Aptos protocol indicates that native USDT activity on Aptos has now surpassed $30 billion in volume, positioning it as the fourth-largest layer-1 blockchain by net circulation of native USDT, valued at approximately $830 million.
The blockchain’s stablecoin dominance extends beyond USDT to include USDC and USDe, creating a comprehensive ecosystem that has attracted considerable user engagement.
The post Bitwise Files S-1 for Aptos ETF, CEO Cites ‘Momentum in Aptos Ecosystem’ appeared first on Cryptonews.
