Bitcoin BTC, currently valued at $46,687, is experiencing turbulence as asset managers rush to file last-minute S-1 updates for their spot Bitcoin exchange-traded funds (ETF). On Jan. 9, Bitcoin’s value briefly dipped 3% on Binance, with the BTC price falling from $47,000 to $45,600 in a span of five minutes, as per data from TradingView. However, the Bitcoin price quickly rebounded to near $47,000, trading at $46,717 at the time of reporting.
This sudden volatility spike occurred as asset managers, including BlackRock and VanEck, filed additional S-1 updates just a day before the anticipated spot Bitcoin ETF approval date on Jan. 10. According to ETF experts such as Eric Blachunas, these S-1 refilings are in response to last-minute comments provided by the United States Securities and Exchange Commission on Jan. 9.
Blachunas noted, “Hard to tell what has changed at first glance, but the important thing is that the unheard of 24hr turnaround time about filing, comments and re-filing tells us all parties are aiming to get this show on the road pronto.” This story is still developing, and more information will be provided as it becomes available.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Eric Blachunas |
| Companies | TradingView, BlackRock, VanEck, Binance, United States Securities and Exchange Commission |
| Currencies | Bitcoin |
| Securities | None |
