The price of Bitcoin The last day of the position reached 45,000 dollars Bitcoin ETF Prospective to file amended S-1 forms.
According to data from CoinGecko, Bitcoin is trading up 1.7% on the day above $45,100.
The surge in prices means that Bitcoin has pared losses in the flash last week as it awaited with bated breath the outcome of the US Securities and Exchange Commission's (SEC) decision on whether to approve multiple applications. ETF
After exchanges that plan to list ETFs file their 19b-4 forms on Friday, crypto companies have until 8 a.m. ET Monday to make last-minute updates to their S-1 filings.
In multiple filings, BlackRock, WisdomTree and VanEyck disclosed their ETF fees, while ArchInvest and Grayscale lowered their fees, calling it the “ETF Terrordome,” Bloomberg Intelligence analyst Eric Balchunas said.
Balchunas raised the odds of a Bitcoin ETF being approved in January to 95%, with the SEC having a window until January 10 to approve multiple applications at once.
Speaking to Rugged Radio last week, Balchunas suggested that the SEC should approve a Bitcoin ETF, an asset class that could be worth up to “$10 billion a year.”
However, not everyone is as optimistic about the possibility of Bitcoin ETF acceptance; Crypto betting platform Polymarket currently puts the chances of approval before January 15 at 85%, while only 39% of financial advisors polled by Bitwise last week were confident that the US spot Bitcoin ETF would launch in 2024.
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