Bitwise Submits Aptos ETF Filing as CEO Praises the “Strong Momentum” Driving the Aptos Ecosystem

Jakarta, Pintu News – Bitwise Asset Management officially filed an S-1 registration form with the United States Securities and Exchange Commission (SEC) to launch the Aptos (APT) ETF. If approved, the product will be the first altcoin ETF connected to the Move chain ecosystem, Bitwise claims.

After the huge success of ETFs tied to Bitcoin (BTC) and Ethereum (ETH), financial institutions are now starting to look for diversification opportunities in the altcoin sector. CoinMarketCap’s Altcoin Season Index currently shows a score of “63”, indicating that Bitcoin’s dominance is starting to weaken and the altcoin market is starting to take over.

Meanwhile, global crypto markets showed positive movement amid the continued US government shutdown. The overall market capitalization of digital assets reached $4.21 trillion with a daily trading volume of more than $180 billion.

Aptos Rises 30% After ETF Filing by Bitwise

Bitwise CEO, Hunter Horsley, confirmed via a post on the X platform that his company has officially filed the Aptos ETF documents with the SEC.

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He added that he was unable to provide further details due to the “quiet period” set by regulators. Even so, Horsley’s enthusiasm was evident as he wrote, “Very excited about the momentum of the Aptos ecosystem.”

The market responded positively to the news. The price of the Aptos token jumped nearly 30%, breaking through the $5.3 level after previously moving around $4.2. Its trading volume also rose sharply to reach $614 million, the highest in two months. This anticipation of the Aptos ETF launch helped APT recover from its previous price correction, and at the time of writing, APT is trading at around $5.51.

According to data from Chain Broker, Aptos recorded the highest development growth among major blockchain networks, with developer activity jumping by 897%, surpassing projects like Celo, Nym, and Skale.

The timing of Bitwise’s ETF filing is strategic, in line with Aptos’ ambition to expand its ecosystem in the DeFi, gaming, and other sectors.

Aptos awaits SEC approval

Approval from the SEC (US Securities and Exchange Commission) is still uncertain, as the agency has been conservative towards ETFs that are not based on Bitcoin or Ethereum. This means Aptos’ ETF application will likely go through a longer review process.

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Even so, the filing itself already signals a significant change of direction in crypto market policy.

Meanwhile, Bitcoin ETFs are performing strongly again. Spot Bitcoin funds in the US recorded inflows of $3.24 billion last week – becoming the second-largest weekly total since their launch in January 2024. This reversed outflows of $902 million in the previous week, and pushed the last four weeks’ total inflows close to $4 billion.

BlackRock’s iShares Bitcoin Trust (IBIT) led the way with a contribution of $1.8 billion, bringing its total assets under management (AUM) to $96.2 billion. Meanwhile, Fidelity’s FBTC added $692 million. Together, these two financial giants now account for more than 60% of spot Bitcoin ETF activity in the US.

Analysts estimate that demand for ETFs in the fourth quarter could absorb more than 100,000 BTC of the circulating supply – almost double the amount of new BTC issued each quarter. This is expected to put additional pressure on Bitcoin miners.

Bitcoin’s price has risen more than 12% in the last seven days, touching $125,500 on Sunday (5/10). Historically, phases like this – where BTC leads the rally – are often followed by capital rotation into altcoins when Bitcoin’s price begins to stabilize.

Ethereum, as the largest altcoin, led the rally with a gain of around 14% in a week, and is currently trading at around $4,540.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News. Bitwise Files S-1 for Aptos ETF, CEO Cites ‘Momentum in Aptos Ecosystem’. Accessed on October 6, 2025
• Cryptopolitan. Bitwise pushes Aptos into ETF race. Accessed on October 6, 2025