Bitwise Submits Aptos ETF Application
Bitwise, a crypto asset manager with over $3.2 billion under management, has officially filed an S-1 registration with the SEC for what would be the first-ever Aptos spot ETF. The filing occurred on October 4th, 2025, according to public records.
This move represents a significant step for the Aptos ecosystem. It’s interesting to note that Aptos becomes only the second major Layer 1 protocol after Solana to attract ETF-focused attention this quarter. Spot ETFs differ from futures-based products because they provide direct exposure to the underlying asset itself.
Bitwise CEO Hunter Horsley confirmed the filing through a social media post, though he noted the company is now in a quiet period and can’t share additional details. The announcement has already created noticeable market movement.
Market Reaction and Price Movement
The news triggered immediate market response. Aptos’ APT token jumped from around $4.62 to $5.37 within hours of the announcement. That’s roughly a 30% increase in a very short timeframe.
Trading volumes also spiked dramatically, exceeding $614 million according to market data. This represents the highest trading activity the token has seen in about two months. The surge appears directly tied to ETF speculation rather than broader market movements.
It’s worth remembering that regulatory approval isn’t guaranteed. The SEC has historically been cautious about crypto ETFs beyond Bitcoin and Ethereum. Still, the filing itself signals growing institutional interest in alternative Layer 1 networks.
Aptos Ecosystem Development
Aptos has been building momentum independently of the ETF news. The network has seen steady expansion with new decentralized applications and partnerships over the past year.
One notable development was Tether’s decision to launch USDT natively on Aptos last October. Since that integration, the stablecoin supply on Aptos has grown eightfold, reaching approximately $680 million. USDT now accounts for nearly 75% of the total stablecoin supply on the network.
The ecosystem also supports other stablecoins including PYUSD, along with tokenized assets from major financial institutions like BlackRock and Franklin Templeton. These developments suggest growing real-world utility beyond speculative trading.
Looking Ahead
If approved, the Bitwise Aptos ETF could potentially unlock significant new capital flows into the ecosystem. This might accelerate adoption of Aptos-based DeFi platforms, NFT marketplaces, and gaming applications.
The SEC’s decision timeline remains uncertain. Approval processes for crypto ETFs typically involve multiple rounds of review and public comment periods. Market participants will be watching closely for any updates from regulators.
For now, the filing represents a vote of confidence in Aptos’ technology and ecosystem from a major institutional player. It also reflects the broader trend of traditional finance exploring tokenized assets and blockchain infrastructure beyond the established leaders.
