Bitcoin's price has hit $45,000 as the deadline for spot Bitcoin ETF hopefuls to file amended S-1 forms passes. Per data from CoinGecko, Bitcoin is trading up 1.7% on the day at just over $45,100. In a flurry of filings, BlackRock, WisdomTree and VanEck revealed their ETF fees, while Ark Invest and Grayscale lowered their own fees, in what Bloomberg Intelligence analyst Eric Balchunas called an "ETF Terrordome." Balchunas has raised the odds of a spot Bitcoin ETF being approved in January to 95%, with the SEC having a window until January 10 in which it could approve multiple applications simultaneously. Speaking to Rug Radio last week, Balchunas suggested that should the SEC approve a Bitcoin ETF, the asset class could be worth as much as "$10 billion in year one."

Source: Daily Nation January 08, 2024 14:02 UTC