Aptos Price Surges 10% as Bitwise Files for Spot ETF
Aptos (APT) has seen a 10% price increase in the last 24 hours, surpassing $5.0 and approaching a market cap of $3.25 billion. Daily trading volumes rose by 57% to over $437 million.
This rise coincides with Bitwise's updated S-1 filing with the SEC for a spot Aptos ETF, indicating potential institutional interest:
- Initial filing occurred in March 2025
- Renewed efforts may attract institutional capital
Price Outlook
The 20-day EMA at $4.68 serves as a support level, with potential targets for APT at $5.99. If demand declines, it could drop to around $3.74.
Aptos Price action – Source: TradingView
Aptos is rebounding from a critical demand zone near $5:
- Market analyst suggests resistance levels at $8 and $10
- Current momentum may drive further interest
The Aptos blockchain network reported nearly 15 million monthly active users in Q1 2025, with stablecoin trading volume exceeding $200 million—over 1000% growth year-over-year. The network also served as the official digital wallet provider for Expo 2025 in Osaka, Japan, processing over 558,000 transactions and adding 133,000 new accounts since January.