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The spot Ethereum ETF market experienced turbulence on October 1st, with Fidelity’s Ethereum Fund (FETH) recording its largest single-day outflow since its inception. The emerging US spot Ethereum exchange-traded fund (ETF) market experienced a major shock on October 1st, with Fidelity’s Ethereum Fund (FETH) recording its largest single-day outflow since its inception. The outflow of more than $25 million highlights the challenges facing these investment vehicles despite an initial wave of optimism regarding their launch. While Grayscale’s Ethereum Trust (ETHE) still holds the record for overall daily outflows, Fidelity’s milestone points to a broader trend of investor hesitation in the…

Analysts predict that ETFSwap (ETFS) will rise 12,900%, outpacing Ripple (XRP)’s 2,900% rise. Analysts predict that Ripple (XRP) price could reach $20 following positive developments and growing market adoption of Ripple (XRP) in cross-border payments. ETFSwap (ETFS), on the other hand, is well-positioned for long-term investors looking to build generational wealth. ETFSwap (ETFS) provides exposure to major spot ETFs Tokenization of spot ETFs (Exchange Traded Funds) gives investors diverse access to both crypto-centric and traditional assets, allowing users to diversify their risk across different asset classes. It helps you diversify your holdings. Therefore, ETFSwap (ETFS), as an emerging platform, is…

If Ripple (XRP) breaks out of a bullish pattern, experts predict it will rise 300% to $2.3. However, analysts say Dogecoin (DOGE) and ETFSwap (ETFS), two cryptocurrencies that also trade below $1, could reach $3 before Ripple (XRP). are. ETFSwap (ETFS) target $3 after Binance listing Analysts expect the ETFSwap (ETFS) token to reach $3 above Ripple (XRP), which is preparing to list on Binance and other major exchanges. ETFSwap (ETFS), which is currently trading at $0.03846, is also experiencing high buying pressure, similar to Ripple (XRP), a sign of growing bullish momentum that will see the token skyrocket upon…

SHANGHAI, CHINA – MARCH 7, 2023 – The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street in Shanghai, China on March 7, 2023.Future Publishing | Future Publishing | Getty ImagesAnalysts expected Chinese stocks to continue rising even after the mainland market reopens after Golden Week.China’s CSI300 blue chip index rose more than 25% in a nine-day winning streak following the Chinese government’s economic support announcement last week. On Monday, before markets closed for a week-long holiday, stocks rose more than 8% to a 16-year high, with the Shanghai Composite Index up 8.06%.Hong…

Cryptocurrency exchange Coinbase is expanding payment options for businesses. PayPal paid the invoice to EY using PayPal USD (PYUSD) stablecoin deposited into EY’s Coinbase Prime account, according to a Thursday (October 3) news release. According to the platform’s website, Coinbase Prime is a brokerage platform that facilitates trading, storage, and prime services. “A growing number of Fortune 500 companies are approaching Coinbase to explore crypto payments,” Steven Capozza, Coinbase director of institutional sales, said in a release. “Many companies are rapidly moving from proof-of-concept exploration to full implementation.” According to the release, stablecoins can be settled instantly across borders, making…

Taiwan requires virtual currency companies to register for anti-money laundering compliance by September 2025. Violations may result in severe penalties, including imprisonment. The new rules will require cryptographic service providers to meet strict registration conditions and procedures. Taiwan’s Financial Supervisory Commission (FSC) has drafted new AML regulations, marking a significant step towards the development of the country’s regulatory framework for cryptocurrencies.As amended in July, these regulations require all VASPs to declare registration with the FSC by the end of September 2025. Failure to comply could result in warrants being issued, including up to two years in prison, and Taiwan could…

Ripple’s native token, XRP, suddenly fell in price on Wednesday, October 2, after the US SEC appealed a court ruling that had previously favored Ripple. This impulsive reversal wiped out 11% of the cryptocurrency’s value, sending it from a recent high of $0.66 to a low of $0.5075. This decline was in stark contrast to the early optimism of investors who predicted a possible bullish breakout in cryptocurrencies. Notably, the timing of this appeal comes after a brief bull run in which XRP challenged resistance levels around $0.66 earlier in the week and prices last seen in mid-March 2023. It…

Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Ethereum has been under aggressive selling pressure for an extended period of time, leading to an overall market…

Traders work on the floor of the New York Stock Exchange during afternoon trading on October 3, 2024 in New York City.Michael M. Santiago | Getty ImagesU.S. stock futures were flat Thursday night as traders held off on Friday morning’s widely expected September jobs report.Futures, which track the Dow Jones Industrial Average, fell 26 points, or less than 0.1%. S&P 500 futures and Nasdaq 100 futures are almost unchanged.A high-profile port strike ended Thursday night when the International Longshoremen’s Association and the United States Maritime Alliance reached a tentative agreement on wages. The parties also agreed to extend the existing…

The latest predictions from the legendary Shiba Inu (SHIB) trader have the crypto world buzzing with their bullish predictions for ETFSwap (ETFS). According to his analysis, the current pre-sale price of ETFSwap (ETFS) will rise significantly from $0.03846 to $5. This impressive price increase is expected to outpace Dogecoin (DOGE)’s rise to $1. Shiba Inu (SHIB) traders’ immense confidence in ETFSwap (ETFS) is being drawn by huge investments in the ongoing final pre-sale of ETFSwap (ETFS). In anticipation of the launch of ETFSwap (ETFS) beta, crypto-savvy investors are currently exchanging Shiba Inu (SHIB) and Dogecoin (DOGE) tokens for ETFSwap (ETFS)…