Major cryptocurrencies dipped on Sunday evening, fueled by market anxiety over how Bitcoin would react to the potential approval or denial of the United States' inaugural spot BTC exchange-traded fund (ETF).
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EST) |
| Bitcoin (CRYPTO: BTC) | -0.63% | $43,804 |
| Ethereum (CRYPTO: ETH) | -1.69% | $2,207 |
| Dogecoin (CRYPTO: DOGE) | -3.36% | $0.078 |
What Happened:According to senior Bloomberg ETF analystEric Balchunas,most applicants are expected to receive approval within the week, provided they have met the regulator's requirements before Dec. 29.
On Jan. 5, key players in the Bitcoin Spot ETF race, such as BlackRock, Grayscale, 21Shares, and others, submitted 19b-4 amendments in response to the SEC's request. The 19b-4 filing represents one of the last stages in the SEC's approval...
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