![BlackRock, VanEck Update Bitcoin ETF Filing Within Hours of Quick Amitoj Singh](https://btcusa.com/wp-content/uploads/2024/01/BlackRock-VanEck-Update-Bitcoin-ETF-Filing-Within-Hours-of-Quick-678x381.jpg)
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The U.S. bitcoin ETFs were approved by the Securities and Exchange Commission in January and started trading Jan. 12, when the asset was priced around $45,000. Since then, bitcoin has climbed to a record $73,000, prompting a change in the market dynamic from fundamentals to spot ETF performance, some firms say.
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