Bitwise Asset Management has submitted amended S-1 registration statements to the U.S. Securities and Exchange Commission for its planned spot Dogecoin and spot Aptos exchange-traded funds. The updated documents replace earlier drafts filed in April and detail how the products would hold the underlying cryptocurrencies rather than derivatives. Bloomberg ETF analyst Eric Balchunas said the revisions introduce an in-kind creation and redemption mechanism, aligning the structure with the framework the SEC accepted for this year’s wave of spot Bitcoin and Ether ETFs. Balchunas described the move as a positive sign of ongoing engagement with the regulator, indicating the proposals are advancing along the approval pathway followed by previous crypto funds.