The price of Aptos (APT) increased by over 9% after crypto asset manager Bitwise filed for an exchange-traded fund (ETF) that tracks its spot price. This comes as Bitcoin and other major cryptocurrencies continue to experience significant losses. Aptos has fallen by 38% over the past month, but the surge following Bitwise's ETF filing indicates renewed interest in the alt-L1 category and the future potential for institutional crypto assets. Bitwise has registered the possible Aptos ETF in Delaware and must now file an application with the Securities and Exchange Commission. Aptos is an Ethereum competitor that allows users to build decentralized apps and launch tokens. In the wider crypto market, Bitcoin's price has fallen by nearly 18% in the past month, while Ethereum is down over 26%. Bitcoin's Fear and Greed Index is currently showing "extreme fear" among investors.



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