Bitwise Files for Aptos ETF APT Surges 15.82

Bitwise Asset Management has submitted an S-1 registration statement to the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on Aptos (APT). This move aims to provide investors with regulated exposure to the investment opportunities presented by the Aptos cryptocurrency. Following the announcement, the price of APT surged by approximately 15.82%, reaching $6.26.

Bitwise’s filing for an Aptos ETF marks a significant step in diversifying investment options beyond the more established cryptocurrencies like Ethereum and Bitcoin. The proposed ETF will invest in APT tokens and calculate its net asset value (NAV) based on the CF Aptos–Dollar Settlement Price provided by CF Benchmarks Ltd. This strategy is part of Bitwise’s broader plan to launch ETFs for other altcoins, following recent submissions for a Dogecoin and XRP ETF.

The S-1 filing is the initial step in the regulatory process. Bitwise must also submit a 19b-4 filing, which is a proposed rule change with the exchange on which the ETF will be listed. This dual-filing process ensures that the ETF will be SEC-compliant and adhere to the rules for listing on the exchange. The timeline for approval is uncertain, as the SEC will thoroughly review the filing.

Aptos has emerged as a notable player in the crypto market, focusing on improving the scalability of the blockchain and enhancing the user experience. On 5th March 2025, APT was trading around $6.47, reflecting a 17.88% increase in the last 24 hours. The token’s market capitalization stands at approximately $3.82 billion, placing it within the top 30 cryptocurrencies. Over the past year, the price of APT has fluctuated between a high of $18.14 and a low of $4.99, indicating significant volatility.

The recent price surge following Bitwise’s ETF filing highlights the market’s sensitivity to institutional interest. Institutional investors view ETF approvals as a gateway to the crypto market, which can lead to increased usage and liquidity. However, the volatile nature of the crypto market means that optimism should be tempered with caution.

Bitwise’s entry into the