Aptos Crypto Prospects Improve With ETF Filing

Aptos Crypto just joined the list of cryptocurrencies that could potentially have their ETFs launched before the end of 2025.

The cryptocurrency has already started showing signs of excitement with demand making a comeback this week.

Bitwise has reportedly submitted a filing for the Bitwise Aptos ETF in Delaware. This means ATP is now closer to a spot ETF than ever before.

This outcome has been in the pipeline for a while considering that Aptos has exchange traded products in Europe.

The filing is still relatively fresh, which means it might take a while before receiving an approval. It is also possible that the filing might be denied. Nevertheless, it underscores the growing institutional demand for APT.

Aptos Ecosystem Growth Recap

It is no coincidence that institutions are seeking exposure in the Aptos ecosystem.

One of the main reasons for this could be the fact that the network has been on a positive growth trajectory as indicated by key metrics.

Among those metrics include the total value locked which in APT terms has been growing in a parabolic curve.

For context, Aptos TVL hovered just above 12 million APT at the start of 2024 and recently peaked above 173 million coins.

Aptos stablecoin market cap has also been on an aggressive uptrend that recently saw it clock a new ATH.

It kicked off 2024 with a $49.18 Million stablecoin market cap and it peaked just above $848 Million earlier this month.

Aptos has also managed to maintain healthy daily volume for the last 4 weeks. It has maintained a daily average of over 1 million APT.

Aptos crypto Bulls Make a Comeback Despite Choppy Market Conditions

Aptos bulls have been putting up a fight as liquidity continues to flow out of the market.

APT exchanged hands at $6.37 at press time after a 20% upside in the last 3 days.

APT’s RSI confirms that demand has been making its way back to the cryptocurrency despite price hovering within a narrow range in February.

The RSI dipped into oversold territory in the first week of February and has since then pushed closer to the 50 RSI level.

A confirmation that a significant amount of accumulation has been taking place at recent lows.

Aptos crypto RSI signals that the coin could potentially achieve a significant recovery in the coming weeks.

Perhaps we could see this happen in March. However, this will only be a possibility if market conditions allow.

So far the market has been quite bearish and investors have been shying away from buying back despite the recent dip.

Spot flows underpin this observation judging by the weak inflows. However, the derivatives segment recently demonstrated some excitement, which was in line with its price action.

For example, Aptos open interest was up 2.68% in the last 24 hours. Volume was more impressive given that it was up by 54.64% in the last 24 hours.

While the surge in derivatives activity may indicate growing bullish optimism, caution is still warranted considering that this could be a setup for liquidation.