While investors are waiting for an approval statement from the SEC regarding spot Bitcoin ETF applications, many applicant companies, including Blackrock and Grayscale, have updated their ETF applications.
Following these updates, expectations for ETF approval increased, and the leading cryptocurrency BTC rose above $45,000.
This increase in BTC price led to significant liquidations of leveraged positions on centralized exchanges.
According to data from CoinGlass, $7 million in leveraged positions were liquidated in the last hour, while $4.39 million of them consisted of short positions.
At this point, while Bloomberg expects the SEC to approve ETFs within a few days in today's report, Fox Business reports that BlackRock, the world's largest asset manager and also an ETF application, expects its application to be approved this Wednesday.
Bitcoin continues to trade at $45,070 at the time of writing.
*This is not investment advice.