Spot Bitcoin exchange-traded funds (ETFs) are arguably the hottest topic in the cryptocurrency community for the past few weeks, a trend that was only solidified during the last several days.

Recall that the SEC deemed all recent filings as “inadequate” last Friday, which put a major shade on all applications on whether they will be added to the growing list of rejections made by the securities regulator.

However, all companies reacted swiftly and refiled with more “adequate” information, mostly regarding their strategies on how to tackle potential market manipulation. BlackRock was among those, as it named Coinbase as its surveillance partner.

Somewhat expectedly, these events affected BTC’s price movements. The asset slumped hard following the SEC’s warning last week from over $31,000 to $29,500 to chart a 10-day high. Nevertheless, the defiance of BlackRock and the other financial giants and their refilings sent the cryptocurrency north once again.

This resulted in BTC spiking to $31,500 mid-week, which was a new 13-month high. Yet, it failed there and fell hard to under $30,000 on Thursday. As of now, though, bitcoin has been able to reclaim that round-numbered milestone and trades just over it at the end of the week.