Bitwise Updates Dogecoin and Aptos ETFs to Include In-Kind Redemptions

Bitwise has amended its proposed Dogecoin and Aptos ETFs to allow in-kind redemptions, according to filings submitted on Thursday. This change comes amid growing discussions with U.S. regulators on the future structure of altcoin funds and investor access to underlying assets. In-kind redemptions enable investors to swap ETF shares directly for the underlying cryptocurrency instead of cash, offering potential tax advantages and aligning the structure more closely with how many crypto-native investors operate. The mechanism is seen as appealing to both retail and institutional participants, who view it as a way to reduce costs and improve liquidity. In-Kind Creations and Redemptions Earlier this year, the U.S. Securities and Exchange Commission (SEC) opened comments on proposals to incorporate in-kind creations and redemptions for spot Bitcoin and Ether ETFs. During a recent panel hosted by the Bitcoin Policy Institute, SEC Commissioner Hester Peirce suggested that in-kind redemptions for crypto ETFs could soon be approved, adding momentum to ETF issuers’ plans. Bitwise initially filed for its Dogecoin ETF in January and its Aptos ETF in March. Amendments to ETF proposals are a routine part of the regulatory process, allowing issuers to refine fund structures in line with SEC feedback. Solomon Tesfaye, head of capital markets at Aptos Labs, emphasized the significance of ETF access for Aptos and similar Layer 1 networks. “ETF access would mark a major step forward in integrating Aptos and other L1s into traditional capital markets,” Tesfaye stated, calling it a potential “game-changer” for liquidity, capital inflows, and institutional validation. Dogecoin, known for its memecoin origins and $24.1 billion market cap, continues to attract ETF interest, with Grayscale and 21Shares also filing to launch DOGE ETFs . Aptos, created by former Meta engineers, is the 32nd-largest cryptocurrency with a market capitalization of $2.85 billion and a 52-week high of $20. Altcoin ETFs Gain Momentum in 2025 The surge in altcoin ETF filings aligns with the SEC’s evolving stance under the Trump administration, which has encouraged new applications in 2025. Over 70 crypto ETFs are awaiting SEC review , with at least 31 altcoin ETF applications filed in the first half of the year, according to Cointelegraph Research. While critics argue that crypto ETFs risk centralizing assets in a sector built on decentralization, the momentum signals strong market interest in bringing altcoins further into traditional financial markets. The post Bitwise Updates Dogecoin and Aptos ETFs to Include In-Kind Redemptions appeared first on TheCoinrise.com .

Source: The Coin Rise