Bitwise Amends S-1 Filings for Dogecoin and Aptos ETFs

Bitwise Asset Management has submitted amended S-1 forms to the U.S. Securities and Exchange Commission (SEC) for the Bitwise Dogecoin ETF and the Bitwise Aptos ETF. These filings represent a significant step in Bitwise’s efforts to introduce crypto-backed ETFs, allowing investors to gain exposure to DOGE and APT without directly holding the tokens. Both ETFs are structured as Delaware trusts and will be managed by Bitwise Investment Advisers, LLC.

On June 12, the SEC announced delays in reviewing the Bitwise Dogecoin ETF. The Dogecoin ETF, backed by Coinbase Custody, was initially filed on March 3, 2025, and underwent a public comment period. The SEC extended the review duration, citing the need for additional time to assess market risks and investor protections.

The Aptos ETF is notable as it would be the first U.S.-based ETF focused on APT. Bitwise had quietly registered the Delaware trust for the Aptos ETF on February 25, 2025, setting the stage for this filing.

Bitwise's proactive approach in amending its S-1 filings for these ETFs comes at a time when the cryptocurrency market is attracting increased interest from both investors and regulatory authorities. The SEC has been closely examining cryptocurrency-related financial products, and Bitwise's actions demonstrate its commitment to meeting regulatory standards. This move aligns with a broader trend where fund managers are seeking to offer spot cryptocurrency ETFs in the United States, with several other major players also in the race.

The amended filings for the Dogecoin and Aptos ETFs are significant given the unique characteristics of these cryptocurrencies. Dogecoin, initially created as a joke, has gained substantial popularity and market capitalization. Aptos, a newer blockchain platform, has attracted attention for its innovative technology. By seeking to offer ETFs for these cryptocurrencies, Bitwise is responding to the growing demand for diversified investment options in the crypto space.

The progress made by Bitwise in amending its S-1 filings is a positive indicator for the broader cryptocurrency industry. It suggests that regulatory bodies are open to considering ETFs for a wider range of cryptocurrencies beyond the more established ones like Bitcoin and Ethereum. This development could encourage other fund managers to seek approval for their own cryptocurrency ETFs, further expanding investment opportunities for both retail and institutional investors.

In summary, Bitwise's amendment of its S-1 filings for Dogecoin and Aptos ETFs marks a significant milestone in the journey towards regulatory approval for these financial products. The move highlights the growing interest in cryptocurrency ETFs and the industry's efforts to meet regulatory requirements. As the cryptocurrency market continues to evolve, such developments will play a crucial role in shaping the future of digital asset investment.