price Bitcoin BTC
-0.72%
The price of Bitcoin has been rising over the past three months, breaking out of a range between $26,000 and $28,000. The coin’s price topped $38,000 twice this month before breaking through today. According to The Block’s pricing page, the current price is around $38,300.
Bitcoin prices rebounded in late October and throughout the month. Image: The Block’s pricing page.
Other cryptocurrencies are also seeing price gains today, with Ether up 3.5%, Cardano up 3.4%, and Dogecoin up 3.5%. Ether price is up 10% compared to last week.
Spot Bitcoin ETF: Additional work in progress
This is a result of more progress being made on spot Bitcoin ETF applications.
For example, Grayscale Investments met with officials from the Securities and Exchange Commission’s (SEC) Division of Trading and Markets on Monday to discuss potential listing issues related to its shares, according to a memo issued by the SEC. Grayscale is currently working to convert its flagship Bitcoin trust into a physical Bitcoin ETF. After the meeting, an updated prospectus was submitted.
A separate memo dated November 20 shows that the SEC also held meetings with BlackRock and Nasdaq officials.
Promising Spot Bitcoin ETF Issuer Ark Invest and 21 Shares submitted an amendment in a prospectus earlier this week.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
About the author
Tim is the editor-in-chief of The Block. Before joining The Block, Tim worked as a news editor at Decrypt. He holds a BA in Philosophy from York University and studied News Journalism at Press Association Training. X Follow him at @Timccopeland.