Altcoin Spot ETF Frenzy Reignites! APT and AXL File S-1 Applications!

TradingKey - Issuers have filed S-1 applications for Aptos (APT) and Axelar (AXL), driving their prices up by over 15%.  

On Thursday, boosted by positive news, the prices of altcoins Aptos (APT) and Axelar (AXL) surged more than 15% during the session, with APT temporarily trading at $6.14 and AXL at $0.43.

AXL and APT Price Charts, Source: CoinMarketCap.

According to SEC public filings, asset management companies Bitwise and Canary Capital have submitted S-1 applications for APT and AXL spot ETFs, respectively.

Aptos and Axelar are both emerging blockchain platforms launched in 2022. Specifically, Aptos is a Layer-1 blockchain network platform aimed at developing Web3.0 infrastructure, with APT as its native token. Axelar is an interoperability infrastructure connecting various blockchain networks, assets, and applications, with AXL as its native token.

Previously, many issuers have already filed S-1 applications for altcoins like LTC, SOL, XRP, and ADA. The addition of APT and AXL is expected to spark a new wave of enthusiasm.