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.
Authors credited by the source: Bhushan Akolkar
Published by Holder based on an external source.
