Crypto market volatility is beginning to pick up again after sinking to a multi-year low.<\/p>\n
Bitcoin last changed hands for $43,116 after gaining 5% in the last 24 hours, according to CoinGecko. The rally erased BTC\u2019s weekend losses, with the BTC reclaiming its local top from Friday.<\/p>\n The move follows BTC abruptly crashing from $44,000 to $40,750 in 24 hours from Dec. 11, before reclaiming the low $43,000 range last week. BTC volatility has doubled<\/a> since dropping to its lowest level in four-and-a-half years in late October, according to 30-day and 60-day moving averages provided by 99bitcoins.<\/p>\n ETH also tumbled and rebounded within a 5% range over the past day to trade for $2,250. Ether similarly crashed 9% in 24 hours after testing year-to-date highs near $2,375 on Dec. 11, also highlighting a recent uptick volatility.<\/p>\n Data from Coinglass shows more than 100,000 traders getting liquidated out of positions worth more than $230M over the past 24 hours amid the market turmoil. More than 56% of liquidated assets comprised long positions, indicating that a slight majority of traders suffered losses amid the downside downside momentum.<\/p>\n BTC made up $70M worth of liquidated assets, but bucked the broader trend with short positions accounting for nearly two-thirds of the total.<\/p>\n Bitcoin\u2019s dominance over the crypto capitalization is at more than 52%, its highest level since April 2021.<\/p>\n Bitcoin\u2019s recent outperformance of the broader crypto markets comes as analysts tip that the U.S. Securities and Exchange Commission may soon approve the first spot Bitcoin exchange-traded fund.<\/p>\n Unlike existing futures-based Bitcoin ETFs, a spot ETF<\/a> would directly invest in and hold BTC rather than derivatives contracts on behalf of investors, exerting bullish pressure on Bitcoin\u2019s supply.<\/p>\n On Dec. 18, the SEC received a flurry of updated spot Bitcoin ETF applications from prospective issuers, including Ark Invest and 21Shares, Wisdomtree, and BlackRock \u2014 the world\u2019s largest asset issuer.<\/p>\n James Seyffart, an analyst at Bloomberg, tweeted<\/a> that the BlackRock and Ark 21Shares applications propose initially supporting in-cash redemptions, noting that in-kind delivery may supported at a later date \u201csubject to receiving regulatory approval.\u201d<\/p>\n In-cash delivery would only allow investors to offload shares for fiat currency, whereas in-kind redemptions would allow investors to receive BTC \u2014 offering significant efficiency benefits<\/a> compared to in-cash. The updated filings follow several meetings between the SEC and spot Bitcoin ETF applicants, with discussions reportedly focused on in-cash versus in-kind delivery.<\/p>\n![\"the-defiant\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F7d3479da43ce5c6e06702375a7f38c657cd2a378-701x230.png&w=828&q=100\")
![\"the-defiant\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F0018f51d25f86f71cfc3642237ff592160bbb72a-733x306.png&w=828&q=100\")
Updated spot Bitcoin ETF filings<\/h2>\n