According to Thursday’s filing, Bitwise revised its proposed Dogecoin and Aptos exchange-traded funds, including intrinsic redemption. The update is a focus gained with U.S. regulators as the discussion of the Altcoin ETF and the discussion of the redemption structure.
In-person exchange allows investors to directly exchange ETF stocks as base tokens. mechanism Considered more taxable And can attract all types of investors from institutions to retail.
February, SEC Seek comments on proposals that allow for physical creation and redemption For live Bitcoin (BTC) and ether (ethereth) ETF. In a team at the Bitcoin Policy Institute on Wednesday, U.S. Securities and Exchange (SEC) Commissioner Hester Pierce said that physical exchanges for cryptocurrency ETFs are coming.
APT ETF will be the “game changer”
Bitwise first proposed dogs (Doge) and aptos (Easy) ETF submitted SEC documents in January and March earlier this year. Revisions are a standard component of the ETF review process, which allows entities to respond to SEC feedback by changing fund structure, mechanics and disclosures.
“ETF access will mark an important step in integrating APTO and other L1s into traditional capital markets,” Solomon Tesfaye, head of capital markets at Aptos Labs, told Cointelegraph. “This will be a game-changer,” he said.
“It will inject a lot of capital, enhance liquidity and provide a form of regulatory verification that institutions need.”
Popular Memecoin Dogecoin (Doge), created by software engineers Billy Markus and Jackson Palmer It is the eighth largest cryptocurrencywith a market capitalization of US$24.1 billion. It runs on its own blockchain and is considered to be the “most honest sh*tcoin” go through galaxy. Bitwise’s competitors Grayscale and 21shares have also submitted Doge ETFs.
fit(Easy), this is the local token of the blockchain created by former Yuan engineers and is the 32nd largest cryptocurrency. It has a market capitalization of $2.85 billion and has a 52-week high of $20 According to Cointelegraph Index.
Related: Can Bitcoin ETFs replace bonds in institutional portfolios?
Altcoin ETF application rises in 2025
As of April 21, more than 70 cryptocurrency ETFs Waiting for SEC commentsthe asset basket ranges from governance tokens to adults and derivatives.
Since SEC President Donald Trump took office, the SEC’s improved approach to the crypto industry has driven the Altcoin ETF’s documents. According to CoIntelegraph research, at least 31 Altcoin ETF applications Submitted in the first half of 2025.
Critics of such funds say cryptocurrencies Concentrated content to be scattered And undermined financial authorization.
Magazine: X Flame Hall: Bitcoin $500K forecast, live ETHER ETF ‘Staking Essue’ – Thomas Fahrer
