As the world’s attention turned to Bitcoin ETFs, a significant development occurred just moments ago with companies updating their S-1 forms in succession. Following this event, there was a noticeable increase in cryptocurrency prices led by Bitcoin, which rose to the $45,000 level.
What is the Current Price of Bitcoin?
Following the recent update, Bitcoin’s price hosted an incredible rise, increasing by 1.8% to a level of $45,200 in the last hour, with the price still above $44,750.
There was also a noticeable increase in the trading volume of the cryptocurrency, which rose by 63% to $27.5 billion. On the other hand, there was an incredible increase in market cap, surpassing the $880 billion level within minutes.
On the other hand, major altcoins such as ETH, BNB, XRP, and SOL also saw increases. ETH rose by 1.62% to $2,259, BNB surpassed the $300 level and rose to $301. XRP found buyers at the $0.56 level while SOL returned to the $93 level.
Updates in ETF Forms
While the entire world was focused on the decision to be made for the Spot Bitcoin exchange-traded fund (ETF), multiple institutions, as expected, raced to submit their final Form S-1 amendments to the United States Securities and Exchange Commission (SEC) on Monday, January 8.
The major asset manager Valkyrie was the first company to submit its final S-1 amendment before the anticipated date of January 10 for the approval of the first spot Bitcoin ETFs in the United States.
Following Valkyrie, major companies such as WisdomTree, BlackRock, VanEck, Invesco, Galaxy, Grayscale, ARK Invest, and 21Shares made updates in succession.
With the new filings starting the week, it could potentially mark a historic week for Bitcoin. In this context, issuers are expected to complete their Form S-1 amendments today. The S-1 amendments contain information about market makers’ management fees or identities for potential ETFs.
