Stablecoin Issuer Tether Reduces Commercial Paper Exposure to Below $50M
Bitwise Launches Web3-Focused ETF

Fidelity’s New Ethereum Index Fund Has Raised About $5 Million

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Today’s Cryptocurrency Headline

Fidelity has launched a new Ethereum Index Fund to provide customers with exposure to Ethereum. The fund has raised about $5 million since sales started on Sept. 26, according to a filing with the U.S. Securities and Exchange Commission. The minimum investment is $50,000. Fidelity launched Fidelity Digital Assets in 2018, a cryptocurrency custody and trading platform for institutional clients. Last month, news broke that Fidelity was considering offering cryptocurrency trading to retail customers.

BingX’s Bitcoin Chart

Source: TradingView & BingX

The number of job openings in the U.S. declined to 10.1 million in August, down from 11.2 million in July, the lowest total since June 2021. according to the Job Openings and Labor Turnover Survey (JOLTS) published Tuesday. The figure had been estimated at 10.8 million. This provided some encouragement to investors that the Fed might slow its interest rate rises. Such that, the traditional stocks and the cryptocurrency market surged for a second consecutive day. Bitcoin is up 3.14% over the last 24 hours and rose to an intraday high of $20,468.40. The largest cryptocurrency is showing signs of recovery as it holds above the 20-day exponential moving average (EMA)($19,654) and the 50-day simple moving average (SMA) ($20,165). If the price is maintained above the current level, the $22,000 resistance level would be the next target.

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