Bitwise Asset Management is making headlines again with a bold move to bring cryptocurrency investments further into the mainstream. The firm has submitted amended S-1 filings with the U.S. Securities and Exchange Commission (SEC) for two new exchange-traded funds (ETFs) focused on Dogecoin (DOGE) and Aptos (APT).
Bitwise Dogecoin ETF Faces SEC Scrutiny
Originally filed on March 3, 2025, the Bitwise Dogecoin ETF aims to offer investors exposure to Dogecoin without requiring them to directly hold the cryptocurrency. However, the SEC has delayed its decision on the ETF, citing the need for more time to assess potential market risks and investor protections.
Despite the delay, Bitwise’s proposal reflects growing interest in altcoin-focused ETFs as a way for investors to access digital assets through traditional brokerage accounts. The SEC’s cautious stance suggests regulators are still grappling with how to safely integrate meme coins like Dogecoin into the ETF landscape.
First-Ever Aptos ETF Could Soon Launch in the U.S.
In addition to Dogecoin, Bitwise is also pushing forward with an ETF focused on Aptos, a next-gen Layer 1 blockchain. If approved, this would mark the first Aptos-based ETF in the United States. While this trust was quietly filed back in February 2025, it has remained under the radar until now.
Both the Dogecoin and Aptos ETFs will be managed by Bitwise Investment Advisers, and structured as Delaware statutory trusts. Coinbase Custody will handle safekeeping of the underlying crypto assets, further reinforcing institutional-grade security.
As the crypto market matures and investor appetite for altcoins grows, Bitwise’s move could set a precedent for other asset managers looking to offer crypto exposure beyond Bitcoin and Ethereum. Approval of either ETF would represent another significant milestone in crypto’s integration with traditional finance.
