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Crypto

October rally fizzles for ETF market as bitcoin, ethereum and solana all in the red

U.S. spot bitcoin exchange-traded funds have recorded net outflows so far in October, showing a weak trend. Ethereum ETFs have seen money leave for nine straight sessions, while Solana ETFs have posted net outflows for five straight sessions, according to Decrypt. Spot bitcoin ETFs saw a small rebound on Oct. 9, but still logged $386.3 million of cumulative net outflows over the first seven trading sessions of October.

Crypto

Crypto regulation enters new phase as tokenised securities partnerships accelerate

U.S. regulators are moving ahead with crypto oversight after the Clarity Act stalled in the Senate, issuing a joint SEC-CFTC interpretation on six tokens and approving listings of 3-times leveraged ETFs. Bitcoin recovered to around $86,000 on a weekly close, while XRP drew attention ahead of Evernode’s Nasdaq debut. In South Korea, the government plans tighter monitoring of cross-border digital-asset transfers, and financial firms are accelerating partnerships ahead of a tokenised securities regime due in February.

Crypto

Bitcoin rose after last three U.S. midterms, but 2018 saw sharp post-election drop

Bitcoin rose in the 12 months after the last three U.S. midterm elections, with gains of 24.5 percent, 44.9 percent and 92.3 percent, an analysis showed. The pattern came with volatility, including a roughly 45.5 percent drop in the month after the 2018 vote. Analysts cautioned the sample is small and past performance does not guarantee future returns. Rates, regulation and investment demand could also shape Bitcoin’s post-election path.