Bitcoin traded just below the $47,000 mark on Tuesday, as investors await a decision from regulators on whether to approve the US's first exchange-traded fund tied directly to the token. The world's largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products, should they gain the green light. Bitcoin hovered around $46,643 at 7:00 am in New York - a decline of roughly 1% in the last 24 hours.