Bitwise Files for Aptos ETF: APT Price Jumps 12% – Market Reacts
- Bitwise officially registers an Aptos ETF in Delaware.
- Aptos (APT) surged by 12% despite a broader market downturn.
- Bitwise’s move follows European ETP launches, indicating increasing institutional backing for Aptos.
Bitwise Asset Management has taken the first step toward creating an Aptos (APT) exchange-traded fund (ETF) by officially registering an Aptos ETF entity in Delaware.
This is a big move that could allow more traditional investors to invest in Aptos through an ETF.
Bitwise Registers Aptos ETF Entity, Eyes SEC Approval
The registration, filed on February 25, shows Bitwise’s interest in bringing an Aptos-focused ETF to market. This move could then lead to Bitwise applying to the U.S. Securities and Exchange Commission (SEC) for approval to launch the ETF.
Bitwise’s application for an Aptos ETF follows similar filings for ETFs focused on other popular cryptocurrencies, like XRP, Solana (SOL), and Dogecoin (DOGE).
Aptos ETPs Already Launched in Europe
This move comes after introducing its Aptos Staking ETP on six Swiss exchanges in November 2024.
Apart from that, 21Share…
The post Bitwise Files for Aptos ETF: APT Price Jumps 12% – Market Reacts appeared first on Coin Edition.
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Nvidia’s Q4 Revenue Soars 78% to $39.3B as AI Demand Explodes
Nvidia Q4 earnings revealed remarkable growth, with revenue climbing 78% year-over-year to $39.3 billion, exceeding analyst expectations as AI demand continues to surge. The company’s data center segment drove this extraordinary performance, generating a whopping $35.6 billion in sales—smashing forecasts of $33.5 billion and representing an 93% increase from the previous year.
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Explore How Nvidia’s Q4 Performance Reflects Massive AI Growth and Stock Surge
Record-Breaking Financial Results
Nvidia Q4 earnings demonstrate the company’s dominant position in the AI chip market. The detailed financial results show impressive growth across all key metrics.
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Jensen Huang, founder and CEO of NVIDIA, had this to say:
“Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter.”
For the full fiscal year 2025, the performance of Nvidia was even more impressive, with a total revenue reaching the value of $130.5 billion, which is a 114% increase year-over-year.
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AI Demand Drives Data Center Growth
The exceptional Nvidia Q4 earnings were primarily fueled by unprecedented AI demand surge. The company’s datacenter unit, which encompasses the graphics processing units (GPUs) powering most generative AI models, brought in $35.6 billion in sales, significantly exceeding forecasts of $33.5 billion.
Colette Kress, Nvidia’s Chief Financial Officer, had said:
“During our Blackwell ramp, our gross margins will be in the low 70s. At this point, we are focusing on expediting our manufacturing to make sure that we can provide to customers as soon as possible.”
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Future Outlook Remains Strong
The company provided some guidance for the first quarter of fiscal 2025, projecting revenue of approximately $43 billion, slightly above the estimates from the analysts of around $42.7 billion.
Jensen Huang emphasized the company’s growth potential:
“We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries.”
Bank of America analysts noted that the Nvidia Q4 earnings call “could mark the trough in investor sentiment” for the stock.
The AI demand surge continues to transform data centers into AI factories, with Nvidia positioned as the leading provider of AI computing infrastructure. Each Grace Blackwell NVLink 72 rack requires 1.5 million components produced across 350 manufacturing sites by nearly 100,000 factory operators—highlighting both the complexity and scale of Nvidia’s operation.
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With the successful ramp-up of Blackwell production contributing $11 billion in revenue during its first quarter of availability, Nvidia’s Q4 earnings reflect not just current market dominance but potential for continued growth as AI adoption accelerates across industries.
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Bitcoin Drops 7% as Wall Street Futures Slide Before Monday’s Open
