Bitcoin hovers around $45K as crypto holds breath for spot ETFs

Bitcoin has almost fully recovered from a recent 10% fall and is now close to retesting 21-month highs set earlier this month.

BTC jumped about 3% Monday morning to briefly hit $45,235 — about 1.5% below local highs set on Jan. 2. Bitcoin has since retraced slightly. 

All this while spot ETF hopefuls lodge some of their final documents ahead of the first of the SEC’s approval deadlines this week. 

BlackRock, Grayscale, VanEck and others have disclosed their proposed management fees for their respective ETFs, with investors expected to favor products that carry the lowest costs. 

Analysts are almost certain the SEC will approve the funds — which must accumulate actual bitcoin on…

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