Bitwise Proposes Aptos ETF, APT Price Jumps Sharply by 12%!

Jakarta, Pintu News – Bitwise Asset Management has officially filed for the Aptos ETF, making it the first company planning to launch an Aptos-based investment product (APT) in the US.

The move comes amid growing investor interest in crypto beyond Bitcoin BTC->Current BTC PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 and Ethereum ETH->Current ETH PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0. Since the announcement, as of February 27, 2025, the price of APT had risen by more than 12%, outperforming the declining crypto market.

Bitwise is the first to file for an Aptos ETF

Read also: SEC Weighs Grayscale’s Bold Move: Staking in Ethereum ETFs on the Horizon?

On February 26, 2025, Bitwise took the first step by registering the Aptos ETF with the Delaware Department of State. While this is not an official filing with the Securities and Exchange Commission (SEC), this move signals that Bitwise is preparing for the potential launch of the Aptos ETF in the US.

If approved by the SEC, this ETF will be part of Bitwise’s portfolio that already includes Bitcoin and Ethereum, as well as the Dogecoin DOGE->Current DOGE PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 ETF filing that was submitted in January.

This demonstrates Bitwise’s commitment to expanding crypto investment products, including to newer layer-1 blockchains such as Aptos.

Immediate Impact: APT Prices Skyrocket Amid a Sluggish Crypto Market

Reporting from BeInCrypto (2/27/25), the filing of the Aptos ETF by Bitwise has triggered a double-digit surge in APT. This altcoin has jumped 12.4% in the last 24 hours.

The cryptocurrency, which is currently ranked 36th by market capitalization, was briefly trading at $6.31. Its trading volume also saw a significant increase, rising 14.15% to $336.42 million.

Aptos itself is known as a layer-1 blockchain developed by Aptos Labs, with a focus on transaction speed and scalability. Based on data from Token Terminal, more than 6 million unique addresses have interacted with applications on the Aptos network in the past 30 days.

Read also: Grayscale to Launch Polkadot ETF Soon, Could DOT Price Surge to $34?

Crypto ETF Momentum: SEC Getting More Accommodative?

The Aptos ETF filing is in line with the growing trend of crypto-based ETF approvals in the US. In recent months, various investment firms have been actively applying for ETFs for various digital assets, including Solana SOL->Current SOL PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0, XRP, Dogecoin (DOGE), Cardano ADA->Current ADA PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0, Litecoin (LTC), and Hedera (HBAR).

While ETF filings do not guarantee SEC approval, the growing number of discussions between regulators and ETF issuers provides optimism for investors. This can be seen in the growing confidence in the future of digital asset-based investment products.

Overall, with this move by Bitwise, Aptos is gaining more attention as a potential crypto asset for institutional investment. If the Aptos ETF is approved, it could open up large capital flows from traditional investors, potentially increasing the adoption and price of APT in the long run.

However, the SEC is still the deciding factor as to whether this ETF can be realized. If the regulator gives the green light, Aptos could become one of the most interesting blockchain projects in the next wave of crypto ETFs.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. APT Price Jumps as Bitwise Files for an Aptos ETF in Delaware. Accessed February 28, 2025.
• Crypto Briefing. Aptos ETF Proposal by Bitwise in Delaware Trust. Accessed February 28, 2025.
• CryptoSlate. Bitwise Sparks Aptos Rally Amid Crypto Downturn with Potential ETF. Accessed February 28, 2025.