Bitwise Files for Aptos ETF as APT Token Surges 18%

Bitwise Files for Aptos ETF as APT Token Jumps 18%

Bitwise Asset Management has filed to create an Aptos ETF, following the Delaware Trust application last week. The move comes as the SEC processes a heightened volume of ETF applications, with the Commission beginning to make progress towards several new altcoin ETFs. The filing has generated bullish momentum for Aptos, with the APT token surging over 18% following the news.

The Aptos ETF Trust paperwork alone caused the price of APT to spike, and this new development has also fueled optimism. The process is moving along, and these successive developments may help spread the news to potential investors. However, another factor is looking very plausible. Since Bitwise’s Aptos ETF Trust filing, President Trump announced a new Crypto Reserve plan, which would include buying several “Made in USA” cryptoassets, including Aptos.

Aptos is far from the largest asset on this list, but it still qualifies. Over the past months, Aptos has increased its US market presence with notable partnerships with Circle. Nonetheless, this is still very early in the process. The SEC is accumulating a serious backlog of fresh ETF applications, and Aptos is rather far down the list. However, this is still good news, even if it’s unclear how likely approval might be. The filing alone has caused an APT price rally, and that’s a positive development when extreme fear dominates the crypto market.