By Oliver Gray
Investing.com - Major cryptocurrencies were trading slightly lower during Monday’s trade, holding near record high valuations as market participants proved optimistic amid the launch of several bitcoin-futures ETFs, while Ether hit fresh all-time highs after its recent mainnet upgrade and Shiba Inu surged on intensifying pressure for the coin to be listed on Robinhood (NASDAQ:HOOD).
Bitcoin lost 2.24% and Ethereum fell 3.31%, while SHIB/USD lifted 9.69%, DOGE/USD added 1.23% and BNB/BTC gained 0.3%.
Last week, the Securities and Exchange Commission finally approved the first Bitcoin futures exchange-traded funds to list on the US stock exchange, the ProShares Bitcoin Strategy ETF (NYSE:BITO) and the Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF), sending the price of Bitcoin to fresh all-time highs. Further boosting sentiment, the Australian Securities and Investments Commission has also approved Bitcoin and Ethereum spot exchange-traded funds, releasing a set of regulatory requirements and structured products, with investors awaiting approval for more crypto assets in the future.
Meantime, Ether has also touched record high prices following the rollout of its Altair upgrade last week, as developers transition from a proof-of-work to a proof-of-stake network. Meantime, Shiba Inu continued its climb as a recent petition for the coin to be listed on Robinhood gained traction.