Crypto News LIVE Updates: Institutional Interest In Bitcoin Grows As Bitcoin ETF Draws Closer

Crypto News LIVE Updates: Bitcoin showed signs of recovery in morning trade after slipping below $42,000 on Wednesday. Bitcoin’s price rose 2.4% in the past 24 hours, surpassing $44,000. The price surge can be tied to a spike in institutional demand for Bitcoin in the US.  The widening gap between BTC prices on crypto exchanges Coinbase and Binance suggests that Americans are on a Bitcoin buying spree. This comes as the Jan 10 deadline, set by the SEC to approve spot Bitcoin ETFs draws closer.

Meanwhile, Grayscale and VanEck filed Form 8-A — a mandatory piece of paperwork that must be filled before offering securities — with the federal regulator. Elsewhere, the Australian consumer watchdog is facing flak for sheer negligence. It failed to warn the public about the HyperVerse crypto scheme, which was flagged by several international regulators as a potential scam in the past.

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