Solana ATH in Sight as 21Shares Launches Jupiter ETP on Swiss Exchange
Swiss markets just got a major crypto upgrade—21Shares rolls out Jupiter ETP with heavy Solana exposure, sparking fresh ATH predictions.
Why This Matters
Traditional finance finally catches up with what crypto natives knew years ago—Solana's speed and scalability deserve institutional attention. The Swiss exchange listing marks another bridge between decentralized innovation and mainstream investment vehicles.
Market Impact
Analysts watch Solana's price action closely as institutional money flows through regulated channels. Previous ETP launches have demonstrated measurable price pressure on underlying assets—this time should be no different.
Swiss Precision Meets Crypto Volatility
While Swiss bankers polish their watches, Solana's network keeps ticking at lightning speed. The irony? Traditional finance needs crypto's innovation more than crypto needs their approval.
Bottom Line: Another brick in the wall of institutional adoption—whether the old guard likes it or not.
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ADP reported that U.S. private payrolls fell by 32,000 in September, well below the consensus estimate of 51,000 additions and the biggest monthly drop since March 2023. Furthermore, August’s private payrolls were revised lower by 57,000 jobs to a loss of 3,000 jobs.
ADP Payrolls in Focus as Federal Jobs Reports Face Suspension
“Despite the strong economic growth we saw in the second quarter, this month’s release further validates what we’ve been seeing in the labor market, that U.S. employers have been cautious with hiring,” said ADP chief economist Nela Richardson.
Greater emphasis is placed on the ADP private payrolls data due to the Bureau of Labor Statistics (BLS) and the Labor Department likely suspending jobs data unless the government reopens. This includes jobless claims scheduled for October 2 and nonfarm payrolls on October 3.
