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Bitcoin, Ethereum Rise But A Spot ETF Filing Has Sent This L1 Token Flying 13%

1. Aptos (APT) surged over 12%, surpassing $6 following ETF filing news. 2. Bitwise Asset Management filed for an Aptos ETF, boosting investor interest. 3. APT's trading volume increased by 27.53% to $402.87 million in 24 hours. 4. CEO Avery Ching highlighted a milestone for the Move programming ecosystem. 5. Year-to-date, APT is still down approximately 39% despite recent gains.

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FAQ

Why Bullish?

The ETF filing denotes increased institutional interest, similar to past crypto ETF especially with Bitcoin.

How important is it?

ETF filings typically drive price movements and investor sentiment positively, enhancing Aptos's market position.

Why Short Term?

The fervor surrounding the ETF filing should boost APT’s price rapidly in the next weeks.

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