It has been revealed that Bitwise has added an "in-kind buyback" method to its APT ETF application.
The ETF was amended to include an in-kind buyback mechanism that allows investors to exchange their ETF shares directly for the underlying cryptocurrency. The in-kind mechanism is more tax-efficient and allows investors to receive individual returns from institutional investors.
The SEC has been reviewing whether to introduce the in-kind method for Bitcoin and Ethereum spot ETFs since February.
We have also been gathering opinions on the topic at the recent Bitcoin Policy Research Institute.
SEC Commissioner Hester on a panel at the Institute
Peirce said, "In-kind buyback structures for cryptocurrency ETFs will soon become a reality."
Bitwise proposed the Dozicoin ETF in January and the Aptos ETF in March this year.
Filing amendments is a routine process that allows Aptos to adjust its fund structure and specifications in response to SEC feedback.
Solomon, head of capital markets at Labs
Tesfaye said, “The ETF approach is a step forward for layer-1 providers like Aptos.
This is a major step forward for blockchain to integrate with existing capital markets and is a game changer, bringing massive capital inflows, improved liquidity, and the regulatory-based fairness that institutional investors need.
Dogecoin was founded by software engineers Billy Markus and Jackson
A meme coin created by Palmer, it currently has a market capitalization of approximately $24.1 billion.
It is operated by Bitwise and Galaxy has rated it as the "most honest meme coin." In addition to Bitwise, Grayscale and 21Shares
21Shares and others have submitted applications to launch a Dozico ETF. Aptos is a blockchain native cryptocurrency developed by Metaformer Member engineers.
The current market cap of the cryptocurrency is around $2.85 billion, with a 52-week high of $20. It is the 32nd largest asset in the entire cryptocurrency market.
2025/06/27 10:46 KST
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