ETF

The leader was FBTC from Fidelity with $199.9 million, followed by IBIT and GBTC. Over the week, the funds lost more than $1.1 billion; the only product without movement was the XRP ETFs, while Bitcoin fell by 5.6% in a day.

The recovery of Bitcoin's price occurred after significant outflows from ETFs. Discover the details on volatility in the cryptocurrency market.

The IBIT fund recorded a net outflow for the fourth time this week, with no new bitcoin purchases from BlackRock in November. Bitcoin dropped 5.22% in a day, to $75,979, as expectations for a price recovery in November fade.

American spot ETFs for Bitcoin and Ether recorded a total net outflow of approximately $530 million on November 5. The Fidelity FBTC fund lost nearly $200 million in capital, while BlackRock IBIT extended its outflow streak to five trading sessions. The sell-off coincided with Bitcoin falling below $76,000 and a 5.5% decline in the Nasdaq.

Ethereum has decreased by more than 8% in a day, falling to $2,220. The decline coincided with a sell-off of U.S. tech stocks, liquidations totaling $210 million, and a net outflow of nearly $100 million from spot ETH-ETFs. Meanwhile, open interest in derivatives continued to decline.

Dogecoin continued its recovery after two sessions of growth, approaching resistance at $0.0786. However, open interest in futures has decreased, and ETFs have not recorded new net inflows since October 14. Technical indicators suggest an improvement in short-term dynamics, but the sustainability of the growth is not yet confirmed.

Bitcoin has risen above $80,000 after a dip to $75,600. U.S. spot BTC-ETFs saw an inflow of $74.6 million on November 4, and the closing of short positions accelerated the rebound. However, over the past three sessions, funds lost $1.16 billion, and CryptoQuant analysts do not yet see confirmation of a reversal.

Ethereum is trying to hold above $2,439, but activity on the Ethereum mainnet remains below spring levels. In October, around $1.61 billion was withdrawn from U.S. spot ETH-ETFs, although there were some inflow days, including November 4. We analyze Glassnode data, fund flows, and technical levels that determine the recovery scenario.

Solana is trading around $93 after a weekly decline of nearly 9%. From October 26 to 30, approximately $71.5 million was withdrawn from spot SOL ETFs, and open interest in futures decreased. Meanwhile, October's card spending volume with stablecoins on the network reached $141 million. We analyze which levels are important for the further dynamics of SOL.

Approximately $1.16 billion was withdrawn from U.S. spot Bitcoin ETFs over three trading sessions. Daily outflows decreased from $643 million to $116 million. Bitwise analyst Andre Dragosh believes the sales are a short-term reaction to market uncertainty and sees no evidence of a mass exit by institutional investors.