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International Business Times
International Business Times
Business
Marvie Basilan

HISTORICAL FACTS: Bitwise seeks sec approval for spot aptos etf driving apt price up - Caught on Camera

Bitwise has filed for an $APT ETF. (Credit: IBTimes US)

KEY POINTS

  • Bitwise said the $APT token was not a security and can be used for payments
  • $APT's price surged 12% in the day following the news, trading at $6.50 one point
  • Some crypto users believe $APT isn't suited for institutional offerings
  • Other crypto users aren't surprised since $APT is "an American coin"

Cryptocurrency-specializing investment management firm Bitwise has filed an S-1 document with the U.S. Securities and Exchange Commission (SEC) for a spot Aptos (APT) exchange-traded fund (ETF), pumping the token's price.

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