Major cryptocurrencies traded mixed on Monday evening following a week-long rally that was driven by several crypto-related exchange-traded funds (ETF) applications in the U.S.
This comes as the Securities and Exchange Commission (SEC) on Sunday approved the nation's first leveraged Bitcoin futures ETF offered by Volatility Shares, a Florida-based investment firm.
Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EDT) |
Bitcoin (CRYPTO: BTC) | +0.18% | $30,338 |
Ethereum (CRYPTO: ETH) | -0.83% | $1,864 |
Dogecoin (CRYPTO: DOGE) | -1.64% | $0.064 |
What Happened:After sending Bitcoin price higher, the momentum created byBlackRockand other financial giants with their multiple spot bitcoin filings appears to have dissipated as investors face the reality that any SEC approval is still months away, if not longer.
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