Bitwise has submitted documents to launch a quoted background (ETF) that tracks the suitable price (APT), the native token of the suitable network.
The asset manager hinted at the move last week when he appeared to create a fiduciary entity of Delaware for proposed ETF suitable. APT is a scalable layer 1 layer 1 laychain token based on movement programming language.
On Wednesday, Bitwise presented an S-1 document to the stock exchange and values commission, making their plans official. Presentation S-1 is a requirement for companies that seek to issue a new security and appear in a public stock exchange.
To launch said fund, the asset administrator will also have to present a 19B-4 presentation, which is required to indicate a required rule change in the stock exchange that seeks to enumerate the investment and link the SC at a strict deadline.
APT was quoted 18% higher in the last 24 hours, at a price of $ 6.48 at the time of publication.
