Bitwise Files for Aptos ETF: APT Price Jumps 12% – Market Reacts

• Bitwise officially registers an Aptos ETF in Delaware.
• Aptos (APT) surged by 12% despite a broader market downturn.
• Bitwise’s move follows European ETP launches, indicating increasing institutional backing for Aptos.

Bitwise Asset Management has taken the first step toward creating an Aptos (APT) exchange-traded fund (ETF) by officially registering an Aptos ETF entity in Delaware. 

This is a big move that could allow more traditional investors to invest in Aptos through an ETF.

Bitwise Registers Aptos ETF Entity, Eyes SEC Approval

The registration, filed on February 25, shows Bitwise’s interest in bringing an Aptos-focused ETF to market. This move could then lead to Bitwise applying to the U.S. Securities and Exchange Commission (SEC) for approval to launch the ETF. 

Bitwise’s application for an Aptos ETF follows similar filings for ETFs focused on other popular cryptocurrencies, like XRP, Solana (SOL), and Dogecoin (DOGE). 

Aptos ETPs Already Launched in Europe

This move comes after introducing its Aptos Staking ETP on six Swiss exchanges in November 2024. 

Apart from that, 21Shares, one of the largest issuers of crypto exchange-traded products (ETPs), also launched the 21Shares Aptos Staking ETP (APTOS) on Euronext Amsterdam and Euronext Paris.

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Hany Rashwan, Co-Founder and CEO of 21Shares, had previously said, “Following the success of our Solana ETP and SUI ETP, the 21Shares Aptos Staking ETP represents a milestone moment for the European market. Aptos is a next-generation blockchain designed for speed, low costs and seamless transactions, and we’re thrilled to be bringing the first-ever Aptos ETP to European investors.”

APT Price Jumps 12% Despite Market Weakness

Aptos (APT) saw an impressive 12% surge in price, driven by positive news surrounding the asset. 

This occurred during a generally negative market, where Bitcoin dropped below $86k, and many top cryptocurrencies saw losses. Even with the broader market’s downturn, Aptos managed to increase, showing strength.

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If Aptos keeps up its upward momentum, it could extend its rally by 25%, reaching the next important resistance level at $7.74. Beyond that, the key resistance levels to watch are $9.88 and $14.70, which could be important price targets in the short term.

The key factor is whether the coin will maintain its current momentum or give in to broader market sentiment. If Aptos keeps recovering, it could potentially break through resistance levels and hit new ATHs.