Bitwise Submits Amended Filings for Dogecoin and Aptos ETFs to SEC

Coin WorldThursday, Jun 26, 2025 1:12 pm ET
2min read

Bitwise Asset Management has made a notable advancement in its endeavor to introduce new cryptocurrency exchange-traded funds (ETFs) to the market. The company has submitted amended S-1 forms to the U.S. Securities and Exchange Commission (SEC) for its proposed spot

ETF and spot Aptos ETF. This action confirms that Bitwise is actively engaging with the SEC, which is currently reviewing the filings.

The amended filings suggest that Bitwise is diligently addressing any concerns or requirements outlined by the SEC. This step is pivotal in the process of securing approval for these ETFs, which would offer investors a regulated and accessible means to gain exposure to Dogecoin and Aptos. The SEC's engagement with Bitwise indicates that the regulatory body is treating the proposals with seriousness and conducting a thorough review.

Filing amended S-1 forms is a standard procedure in the ETF approval process. It allows issuers to update their proposals with any new information or changes that have occurred since the initial filing. In this instance, Bitwise's amendments likely encompass updates to the fund's structure, investment strategy, or risk management practices. The SEC's review process is renowned for its rigor, and the engagement with Bitwise is a positive indicator that the proposals are being meticulously considered.

The proposed Dogecoin ETF aims to track the performance of the widely recognized meme cryptocurrency, which has garnered substantial attention and market capitalization in recent years. Aptos, conversely, is a newer blockchain platform designed to offer a scalable and secure infrastructure for decentralized applications. Both cryptocurrencies possess unique attributes and use cases, and their inclusion in ETFs could appeal to a diverse range of investors.

One key change in the filings is the inclusion of in-kind creations and redemptions, a mechanism that enables ETF shares to be exchanged directly for the underlying crypto assets. This structure is favored by both issuers and market makers for its efficiency and tax advantages. This amendment reflects regulatory dialogue and aligns with the path taken in previous spot crypto ETF approvals.

The approval of these ETFs would represent a significant milestone for the cryptocurrency industry, as it would provide investors with more options for gaining exposure to digital assets through regulated financial products. It would also underscore the increasing acceptance of cryptocurrencies by traditional financial institutions and regulators. However, the approval process is expected to be protracted, as the SEC continues to assess the risks and benefits of these proposals.

In summary, Bitwise's updated filings for its Dogecoin and Aptos ETFs confirm ongoing engagement with the SEC, as the regulatory body reviews the proposals. The amended S-1 forms indicate that Bitwise is actively working to address any concerns or requirements set forth by the SEC, and the engagement suggests that the proposals are being given careful consideration. The approval of these ETFs would provide investors with more options for gaining exposure to digital assets through regulated financial products, and it would demonstrate the growing acceptance of cryptocurrencies by traditional financial institutions and regulators.