price of bitcoin Spot deadline reached $45,000. Bitcoin ETF I would like to submit a revised Form S-1.
Bitcoin rose 1.7% on the day to just over $45,100, according to data from CoinGecko.
As the cryptocurrency world awaits with bated breath the outcome of the U.S. Securities and Exchange Commission’s (SEC) decision on whether to approve multiple applications for spot Bitcoin, the price surge has erased the losses Bitcoin suffered from last week’s flash crash. It means something. ETF.
After exchanges planning to list the proposed ETF file Form 19b-4. fridayCryptocurrency companies had until 8 a.m. Eastern Time on Monday to submit final amendments to their S-1 applications.
BlackRock, WisdomTree and VanEck have disclosed ETF fees, while Ark Invest and Grayscale have cut their own fees, Bloomberg Intelligence analyst Eric Balchunas said. called This is “ETF Terror Dome”.
Balchunas put the odds of a spot Bitcoin ETF being approved in January at 95%, with the SEC having until January 10th to approve multiple applications simultaneously.
In an interview with Rug Radio last week, Balchunas suggested that if the SEC approves a Bitcoin ETF, the asset class could be worth “$10 billion in a year.”
Nonetheless, not everyone is optimistic about the possibility of Bitcoin ETF approval. Cryptocurrency betting platform Polymarket currently sees an 85% chance of approval before January 15th, while only 39% of financial advisors surveyed by Bitwise last week said a U.S. spot Bitcoin ETF would be available in 2024. I was confident it would be released.