Aptos Price Climbs 10% as Bitwise Moves Toward ETF Filing

Highlights: 

• Aptos price has surged 10% in the past day as Bitwise registers an ETF entity.
• ETF speculation fuels momentum despite the broader crypto market downturn.
• Key resistance levels at $10 and $14 remain critical for APT price.

Aptos (APT) price has climbed over 10% in the last 24 hours as Bitwise Asset Management moves toward launching an Aptos-based exchange-traded fund (ETF). The organization has registered a Delaware trust linked to the proposed ETF with the authorities. APT has pushed beyond $6 during the market downturn, demonstrating a powerful upward trend. Will APT price hitt ATH following the surge?

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Bitwise Registers Aptos ETF Entity, Signaling Potential U.S. Launch

Aptos price has the potential to rise in market value after Bitwise Asset Management announces its plans to introduce an Aptos exchange-traded fund (ETF). The firm has taken an official step to launch an Aptos ETF entity in Delaware which indicates their plans to create a U.S.-based ETF. 

The document registration filed on February 25 indicates that Bitwise plans to pursue SEC authorization. Bitwise submitted this application after already filing several previous proposals for XRP-dominated, SOL-dominated, and DOGE-dominated ETFs. 

Aptos-related exchange-traded products (ETPs) are currently available throughout the European market. The Bitwise company launched its Aptos Staking ETP through six Swiss exchange platforms in November 2024. The launch of APTOS occurred when 21Shares deployed their Aptos Staking ETP to both Euronext Amsterdam and Euronext Paris exchanges. 

Bitwise continues to maintain activities in the ETF sector. The entity for Dogecoin ETF became official when the company registered it in Delaware in January. Previous statements from CEO Hunter Horsley showed how spot Bitcoin and Ethereum ETPs helped increase digital asset adoption.

Aptos continues to establish itself as a leading player within institutional markets. A Bitwise Aptos ETF that receives authorization will create an orderly investment portal for traditional investors. The value of Aptos tokens rose after seven days of price decrease as the cryptocurrency market generally declined. Bitcoin prices decreased to $82K during the day while dealing with global economic conditions. 

Bitwise has filed for an Aptos ETF in Delaware, hinting at a possible spot ETF launch for the scalable Layer 1 blockchain known for its Move language and fast, upgradeable design.. potentially broadening crypto investment options pic.twitter.com/XYFO9S3ut0

— Crypto Jessica (@CryptoJessXBT) February 27, 2025

Ethereum together with Solana and XRP, reacted similarly to the market decline. The Aptos network managed to recover its value even though other markets were facing difficulties. Aptos stands at $3.63B as its market cap shows an 8.39% growth today despite having dropped 69.06% from its top value of $19.90.

Aptos Price Gains 10%, Eyes Breakout Above $10 Resistance

The latest Aptos price movement indicates a 7% increase over the past 24 hours. Currently trading at $6.12, it is among the top gainers in today’s market. 

Market participant interest has increased based on the current $343.09 million APT trading volume, which shows a 55% growth. The price of Aptos is currently testing its vital resistance barrier at $6.50 while demonstrating the potential for additional upward growth past this level.

The Relative Strength Index (RSI) is currently at 46, suggesting neutral momentum. If the RSI moves above 50, bullish pressure could strengthen. The Moving Average Convergence Divergence (MACD indicators show bullish signals on the daily chart. The MACD line has crossed above the signal line, hinting at a possible upward movement.

Technical indicators suggest a potential upside if Aptos holds above key support. A decisive move above $8.00 could confirm a trend reversal. If Aptos sustains its recovery, the next key resistance levels are $10.00 and $14.

Breaking above these could push the price toward the $19.90 mark, revisiting its previous ATH. However, failure to maintain buying pressure may lead to another test of the $5.00 support.

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