Coinedition

21Shares has submitted an application with the SEC to launch a spot XRP ETF. Brad Garlinghouse acknowledges the growing institutional interest in XRP ETFs. The Ripple CEO slams the SEC for its continued disregard for the court’s authority.

U.S. spot Ethereum ETFs experienced a net outflow of $10.9 million on Friday amid market volatility. Grayscale’s ETHE led the outflows with $11.4 million, while Invesco’s QETH ETF saw a small inflow of $0.5 million. Bitcoin ETFs had substantial net monthly inflows of $5.3 billion.

MicroStrategy transferred 1,652 BTC worth $114 million to a new wallet. The company holds a massive 252,220 BTC worth $17.56 billion. MicroStrategy aims to raise $42 billion in three years to buy BTC.

Cardano (ADA) surged 4.13% on Friday, November 1. ADA’s November 1 surge is in continuation of a recent market rally. The Chang Phase 2 hard fork reignited ADA’s bullish momentum.

Countries like Germany and El Salvador impose a 0% capital gains tax on Bitcoin held for over a year to attract investors. Japan leads with a steep 45% tax rate, reflecting a cautious regulatory stance on cryptocurrency. The U.S. and U.K. maintain moderate tax rates, while some nations opt for outright crypto bans.