列出了第一個APTO（APT）交換貿易基金（ETF）的文件

對現場APT產品的需求已達到新的高度，而Crypto Asset Manager Bitwise是最新的公司向美國證券交易委員會（SEC）提交申請的公司，以列出現場APTO（APT）交易所交易基金（ETF）。

Key Takeaways:

關鍵要點：

* As crypto asset manager Bitwise continues its pursuit of launching exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC), its latest application is for an Aptos (APT) ETF.

*由於Crypto Asset Manager Bitwise繼續追求與美國證券交易委員會（SEC）推出交易所交易資金（ETF）的最新申請，是針對Aptos（APT）ETF的。

* This follows Bitwise’s February 28th registration of a trust related to the Aptos ETF in Delaware, signaling their strong interest in this product.

*這是在Bitwise的2月28日對與特拉華州Aptos ETF相關的信任的註冊，這表明了他們對該產品的濃厚興趣。

* Aptos ETF is unique as Bitwise has been applying to launch ETFs for major cryptos including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP, and Dogecoin (DOGE). However, the SEC has been turning down these applications.

* Aptos ETF是獨一無二的，因為Bitwise一直申請為包括比特幣（BTC），Ether（Eth），Solana（Solana（Sol），XRP和Dogecoin（Doge））的主要加密貨幣啟動ETF。但是，SEC一直拒絕這些應用程序。

* Aptos is currently at a much earlier stage, ranking as the 36th largest cryptocurrency by market cap at $3.8 billion, according to CoinGecko, compared to the other cryptocurrencies Bitwise is targeting. This raises an important question: why Aptos?

* Aptos目前處於更早的階段，與其他加密貨幣相比，Bitwise的目標是針對其他加密貨幣，將市值排名第36億美元，為38億美元。這就提出了一個重要的問題：為什麼是Aptos？

* One theory is that Bitwise believes in the long-term potential of Aptos’s technology and ecosystem. Backed by its parallel execution engine, Block-STM, Aptos can reach a transaction speed of over 130,000 transactions per second (TPS) at a low cost. Moreover, the Aptos ecosystem is rapidly expanding with new projects and partnerships.

*一種理論是，比特相信Aptos技術和生態系統的長期潛力。在其並行執行引擎的支持下，Aptos可以以低成本達到每秒130,000多次交易的交易速度。此外，APTOS生態系統正在通過新項目和合作夥伴關係迅速擴展。

* To properly understand what an Aptos ETF would mean, we must delve deeper into the underlying technology that powers the Aptos blockchain. While many prior blockchains process transactions in sequence, Aptos has developed a parallelization engine—Block-STM—which allows transactions to be processed simultaneously, increasing the network’s throughput.

*為了正確理解Aptos ETF的含義，我們必須深入研究為Aptos區塊鏈提供動力的基礎技術。雖然許多先前的區塊鏈處理交易，但APTOS開發了並行化引擎（Block-STM），該引擎允許同時處理交易，從而增加了網絡的吞吐量。

* Unlike traditional blockchain models that face bottlenecks due to sequential transaction processing, Aptos’s innovative approach significantly enhances efficiency and scalability, positioning it as a strong contender in the competitive layer-1 space.

*與傳統的區塊鏈模型不同，由於順序交易處理而面臨瓶頸，Aptos的創新方法顯著提高了效率和可擴展性，將其定位為在競爭性層次1空間中的強大競爭者。

* An active ecosystem is critical for any blockchain solution to be successful. Aptos is aggressively building partnerships and developing new projects. A prominent partnership is with Circle, which issues the USDC stablecoin. This integration simplifies how users access and use stablecoin within the Aptos community.

*主動生態系統對於任何區塊鏈解決方案都至關重要。 Aptos正在積極建立夥伴關係並開發新項目。與Circle的重要夥伴關係是發行USDC Stablecoin的。這種集成簡化了用戶如何在Aptos社區中訪問和使用Stablecoin。

* These programs aim to provide a variety of financial services available to users online in a permissionless, decentralized, and transparent way.

*這些計劃旨在以無許可，分散和透明的方式為在線用戶提供各種金融服務。

* The S-1 filing is only the initial phase of a potential multi-month approval process. Bitwise must also file a 19b-4 form for its Aptos ETF application. The SEC is then given 240 days to either approve it, deny it, or ask for more information.

* S-1歸檔只是潛在多個月批准過程的初始階段。 Bitwise還必須為其Aptos ETF應用程序提交19b-4表格。然後將SEC 240天批准，否認或索取更多信息。

* The securities regulator’s decisions on the types of assets that can be included in U.S. ETFs carry significant weight and are closely followed by market participants.

*證券監管機構關於美國ETF中可以包含的資產類型的決定具有很大的重量，並且緊隨其後的是市場參與者。

* Bitwise has opted to exclude a staking provision in the Aptos ETF to address regulatory concerns about potential risks to the underlying asset. Staking, in which users earn rewards for holding and “staking” their cryptocurrency rather than selling it, can add complications to ETF structures and raise concerns with the SEC.

* Bitwise選擇排除Aptos ETF中的一項陳舊規定，以解決有關基礎資產潛在風險的監管問題。用戶在其中贏得了持有和“積分”加密貨幣而不是出售它的獎勵，可以為ETF結構增加並發症，並引起與SEC的擔憂。

* The spot Aptos ETF has listed Coinbase Custody as its proposed custodian, a trusted name in the industry with expertise in managing digital assets for institutional clients.

* AptAptos ETF已將Coinbase監護權列為擬議的託管人，該行業是該行業中值得信賴的名字，該名稱具有為機構客戶管理數字資產的專業知識。

* The APT price surged immediately following Bitwise’s Aptos ETF application, gaining more than 18% in a day and reaching $6.48. This move by the crypto asset management firm sparked interest among investors who may now have future access to the U.S. investment vehicle.

* Bitwise的Aptos ETF應用程序後立即飆升，每天增長了18％以上，達到6.48美元。加密資產管理公司的這一舉動引起了投資者的興趣，這些投資者現在可能將來可以使用美國投資工具。

* Bitwise’s filing for an Aptos ETF follows a trend of growing interest from institutional investors in altcoin-ETFs. As the SEC continues to review these applications, the approval of an Aptos ETF could be a key milestone.

* BITWISE提交給Aptos ETF的申請遵循了Altcoin-ETF的機構投資者日益增長的興趣趨勢。隨著SEC繼續審查這些應用程序，APTOS ETF的批准可能是一個關鍵的里程碑。

* This interest is also evident in the growing number of DeFi protocols and dApps being developed on the Aptos blockchain.

*在Aptos區塊鏈上開發的DEFI協議和DAPP的數量越來越多，這種興趣也很明顯。

The Aptos ecosystem is rapidly expanding with new projects and partnerships. Among the projects in development are:

APTOS生態系統正在隨著新項目和合作夥伴關係迅速擴展。開發項目中有：