XRP’s price seems to be heading for the $2 mark once again, following the pullback across the broader cryptocurrency market. Even with the prices becoming increasingly bearish, this movement has not entirely affected the overall sentiment toward the altcoin, as evidenced by another day of bullish inflows into the Spot XRP Exchange-Traded Funds (ETFs).

Huge Capital Keeps Pouring Into XRP Spot ETFs

In the evolving Exchange-Traded Fund (ETF) landscape, the XRP funds are quietly building one of their biggest waves yet. Since the launch of the funds, they have demonstrated substantial growth, challenging the likes of their Bitcoin and Ethereum ETFs counterparts.

The funds are extending a remarkable run of consistent inflows that are starting to attract more market attention. A recent X post from Moon Lambo, a crypto enthusiast and YouTuber, shows that the XRP Spot ETFs have now recorded their 19 consecutive days of inflows.

What began as a means for more exposure has evolved into a distinct pattern of confidence as asset managers continue to purchase the leading altcoin through the initiative in spite of overall market volatility. Since the first spot XRP ETF was introduced, there has never been a day of outflows.

Following weeks of their inception, the cumulative inflow into the funds is currently valued at a staggering $954 million. With such a massive capital accumulated in mere weeks, reflecting relentless demand for the altcoin, the expert believes that this figure could explode in the next 5 to 10 years.

Will The ETFs Acquire The Entire Supply?

After examining the growth of the funds, SMQKE, a crypto pundit and researcher, reported that the XRP spot ETFs are aiming for the 42.87% of supply that truly matters in the market. According to the expert, the funds do not need to take all of the supply to generate a supply shock.

Currently, only 42.87% of the XRP supply is in circulation and available for purchase on the market, which is the real pool from which ETFs are pulled. Data shows that the funds now hold about 0.75% of the overall supply. 

When compared to the 42.87% that is actually liquid, this is a tiny fraction. However, each step forward draws directly from the limited circulating supply. As demand for the funds increases, the 42.87% share is being eroded.

With each incremental increase, the amount of XRP remaining on the open market gets tighter, which is where the early stages of supply pressure start to develop. When the funds move from 0.75% closer to the 42.87% supply that is in circulation, the impact becomes visible. This is because inflows remain focused on a much smaller pool, not the entire supply.

However, SMQKE noted that the ETFs do not need to control 100% of the supply before the market feels its impact. Instead, they just need to concentrate on reducing the 42.87% supply that is currently accessible.

The Chief Executive Officer (CEO) of Strategy, Phong Le, has revealed the company’s long-term approach to its staggering Bitcoin (BTC) holdings. According to the Strategy executive, the firm currently has no immediate plans to sell any of its 650,000 BTC soon. He emphasized that only dire circumstances could force a Bitcoin sell-off—a scenario he projects will not occur for at least 40 years.   

Strategy CEO Confirms 40-Year Bitcoin Hold

In an interview with CNBC on December 6, Le addressed questions about Strategy’s approach to Bitcoin and the future of its massive BTC bet. When asked whether the firm would ever sell its BTC stash of 650,000 tokens ($60.29 billion), Le emphasized that they intended to hold onto their holdings for as long as possible.

The Strategy CEO emphasized that selling would only occur under extreme market conditions, such as losing access to liquidity or US dollars, or if Bitcoin derivatives could no longer be traded. He noted that such a scenario is unlikely until 2065 and, even then, would be considered only in the event of a prolonged 40-year market downturn. 

In another interview earlier this month, Le stated that if there is a sustained 3-year down cycle in Bitcoin in which the mNAV of MSTR trades below 1x, MicroStrategy may have to sell BTC. This means the earliest the company could sell a portion of its massive holdings is in 2029. 

Moving on, the CNBC interview touched on Strategy’s role in public capital markets and whether the company has become a proxy for BTC. Le explained that their Bitcoin treasury strategy, which began in 2020, was designed to give investors access to BTC through public equities. He noted that while the introduction of Spot Bitcoin ETFs in 2024 slightly changed the landscape, Strategy remains a significant part of the crypto and BTC ecosystem. 

Growing FUD And Long-Term BTC Growth

In the interview, Le revealed that Strategy had recently raised $1.44 billion in just over a week for its US dollar reserve, covering 21 months of dividends. The CEO explained that they raised substantial capital to address rising Fear, Uncertainty, and Doubt (FUD) about the company’s ability to meet dividend obligations. 

Le stressed that, despite the current market downturn, the company had no plans to sell its Bitcoin stash to cover dividends, reassuring investors that its long-term holding strategy remains intact. He supported his views with a historical review of BTC’s broader performance, emphasizing that the leading cryptocurrency has grown by an average of 45% per year over the past five years. 

When asked about his price outlook for Bitcoin, the Strategy CEO expressed confidence in the cryptocurrency’s future, predicting that BTC will likely continue to rise over the next 20 years. He acknowledged that after 20 years, the market could evolve and innovations might emerge, but for now, Bitcoin has a long runway.

Since Bitcoin’s launch, the number of addresses holding more than 0.1 BTC has climbed steadily through every market cycle, until now. Data shows that addresses in this cohort haven’t grown at all over the past two years, breaking a trend that held for more than a decade. 

The stagnation indicates a change in how smaller and mid-sized investors engage with Bitcoin, even as broader institutional activity in the market continues to rise.

Small Holder Participation Reaches A Standstill

The 0.1 BTC threshold has historically represented an important milestone for retail holders, large enough to signal commitment but small enough to remain widely attainable. For more than a decade, wallets crossing that line grew year after year, even during drawdowns when long-term buyers were accumulating quietly.

That pattern is no longer intact. The number of addresses with more than 0.1 BTC has flattened since 2023 and is showing no signs of returning to its previous trajectory. Particularly, data from the on-chain analytics platform Santiment shows that the number of these addresses has stalled at around 4.44 million for the past year. This suggests that fewer new participants are choosing to build self-custodied Bitcoin positions at this level.

The stagnation becomes more notable considering Bitcoin’s rising mainstream visibility and repeated pushes toward new all-time highs this year. In earlier cycles, such conditions have led to a surge in retail accumulation. This time, the address count has stayed frozen, and this means retail addresses holding Bitcoin might actually be plateauing. 

How Bitcoin’s Holder Base Is Changing

Although on-chain data points to a slowdown in the growth of overall Bitcoin addresses holding more than 0.1 BTC, it doesn’t necessarily signal a decline in overall adoption. For many market participants, Bitcoin exposure now happens entirely off-chain.

Larger investor cohorts, from high-net-worth individuals to funds and corporate entities, are buying huge amounts of Bitcoin. For instance, Santiment data shows that large Bitcoin holders controlling more than 100 BTC have increased their balances throughout 2024 and 2025, even as smaller address cohorts have stalled.

At the same time, more investors are choosing to access Bitcoin through custodial avenues instead of managing their own wallets. Spot Bitcoin ETFs have become one of the most important gateways for new BTC exposure. In the US alone, Spot Bitcoin ETFs now control almost $120 billion worth of Bitcoin, with BlackRock’s IBIT consistently recording the strongest demand. 

Together, these developments point to a new phase in Bitcoin’s development. What was once dominated by individual self-custodied users is now increasingly shaped by institutions, ETFs, funds, and professionally managed capital. Therefore, the numbers from on-chain wallet metrics reflect a smaller portion of the actual user base.

Key takeaways

• BTC is down 1.35% and is trading around $90,500.
• The leading cryptocurrency has stabilized ahead of tomorrow’s FOMC meeting.

BTC stays above $90k ahead of the Fed rate decision

Bitcoin began the week bullish, hitting the $93k level on Monday. However, it has lost 1% of its value in the last 24 hours and is now trading above $90k. 

The mixed performance comes as traders look forward to tomorrow’s Fed rate decision. The Federal Reserve is expected to reduce its benchmark lending rate by a minimum of 25 basis points. 

The US Personal Consumption Expenditures (PCE) Price Index, released last Friday, did little to influence expectations for further policy easing by the apex bank. 

In addition to that, institutional demand for Bitcoin-related funds shows a decline in selling pressure compared to previous weeks. Data obtained from SoSoValue revealed that S-listed spot Bitcoin ETFs recorded a mild outflow of $60.48 million on Monday.

Bitcoin’s recovery could be determined by the ETF inflow as institutions play a crucial role in boosting demand. 

Finally, Michael Saylor’s Strategy announced on Monday that it had acquired 10,624 bitcoin for $962.7 million between December 1–7 at an average price of $90,615. Thanks to this acquisition, the company now holds 660,624 BTC, valued at $49.35 billion. 

Bitcoin could rally towards $97k

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has performed positively in recent days. The cryptocurrency faced rejection from the 61.80% Fibonacci retracement level at $94,253 last week, dropping to the $88k level during the weekend.

However, it recovered above $92k on Monday before declining to now trade above $90,500 per coin. 

If the rally continues and the daily candle closes above the $93k resistance, BTC could extend its bullish movement toward the next key resistance at $100,000.

The Relative Strength Index (RSI) on the 4-hour chart is 44, near the neutral 50 level, suggesting fading bearish momentum. However, the RSI needs to move past the neutral level if Bitcoin will surmount the $93k resistance level. 

The Moving Average Convergence Divergence (MACD) showed a bullish crossover last week, which still holds, supporting a bullish bias.

However, if the bullish recovery fails, Bitcoin could revisit the support level around the $85,569 region.

The post Bitcoin stabilizes around $90k ahead of FOMC meeting: Check forecast appeared first on CoinJournal.

XRP ETFs are on the verge of hitting a significant milestone, with total Assets Under Management (AUM) approaching the $1 billion milestone. Since the launch of its ETF last month, hundreds of millions of dollars have been flowing in daily, making XRP the most successful new ETF entrant of 2025. 

XRP ETFs Close In On $1 Billion

XRP ETFs have continued to experience skyrocketing growth and institutional demand, now rapidly closing in on the $1 billion inflow milestone. Over the past two weeks, all five XRP ETFs have recorded over $984.54 million in cumulative net inflows, just $15.46 million away from $1 billion. This explosive, accelerated growth has effectively solidified XRP’s position as the third-largest crypto ETF, behind Bitcoin and Ethereum.

Data from Sosovalue reports 15 consecutive days of positive flow, with the XRP ETF recording its highest single-day inflow on November 14 at $243.05 million. Over the last two weeks, all five XRP ETFs, including REX-Osprey, have seen notable inflows, reflecting growing institutional interest and demand. 

According to crypto enthusiast @NADZOE93 on X, XRP has become the third cryptocurrency ever to surpass the $800 million ETF inflow threshold. She noted that while Spot Bitcoin ETFs reached this cap in just two days after their launch, Ethereum ETFs took 95 days. This officially positions XRP as the second-fastest crypto to hit the $800 million inflow mark. 

Notably, strong inflows in the XRP ETF began on November 13 with the launch of Canary Capitals XRPC. A week later, Bitwise introduced its own XRP ETF, followed shortly by Grayscale and Franklin Templeton debuting their funds. Since then, investments have continued to pour in, with $26.17 million flowing in just yesterday alone, bringing the total to $887.12 million after 15 days of positive flow. 

Crypto market analyst Neil Tolbert shared additional insights on the XRP ETF performance on X this week. He noted that five spot XRP ETFs are currently trading, with a combined $995 million in Assets Under Management. Canary Capital’s XRPC stands at the top of the market with $358.88 million, followed by Grayscale’s GXRP with $211.07 million, Bitwise’s ETF at $184.87 million, Franklin Templeton’s XRPZ at $132.3 million, and REX-Osprey at $108 million. 

Tolbert has stated that more ETFs are reportedly in the pipeline, with institutional demand set to grow as traditional finance takes notice of XRP. With the race to a $1 billion inflow milestone heating up, XRP ETFs have already surpassed those of Solana and Dogecoin. 

Institutions Accumulate Over 400 Million XRP Through ETFs

Institutional demand for XRP is reaching new heights as data from ETF tracker XRP Insights show that a whopping 425.76 million tokens have been officially locked. This surge in accumulation comes as the five currently launched XRP ETFs collectively reach $984.54 million in AUM.

This large amount of XRP held in ETFs shows how quickly institutions are adopting, as investors increasingly seek regulated, transparent ways to gain exposure to cryptocurrencies. Analysts have also warned that if ETFs continue to absorb XRP at such a rapid pace, it could trigger a supply shock as the number of tokens in circulation declines.

• Bitcoin ETFs log five days of inflows as BTC climbs back above $93K.
• Analysts say ETF outflows overstated as broader forces drove the sellof.
• Vanguard’s crypto ETF reversal boosts institutional demand and sentiment.

Bitcoin exchange-traded funds continued to recover this week after suffering $3.48 billion in cumulative outflows during November, their second-worst month on record.

The products notched $58 million in net positive inflows on Tuesday, marking a fifth consecutive day of additions, according to data from Farside Investors.

The modest turnaround comes as Bitcoin trades back above the $89,600 flow-weighted cost basis for ETF investors, meaning the average holder is no longer sitting on unrealised losses.

Total crypto market sentiment has also improved following a period of heavy selling that pushed Bitcoin as low as the mid-$80,000s earlier this week. Other US crypto ETFs showed weaker performance. Spot Ether ETFs recorded $9.9 million in outflows on Tuesday, while Solana funds saw $13.5 million in net redemptions, Farside data showed. At press time, the Bitcoin price on OKX was around $92,622.

Outflows are not the main driver of Bitcoin’s decline

Market anxiety around large-scale sales from spot Bitcoin ETF holders appears to have overstated their direct impact on BTC’s downturn.

Bloomberg analyst Eric Balchunas pushed back on that narrative, questioning the simplistic linkage often made between ETF outflows and price weakness.

“I just read that Citi analysts say that for every $1 billion pulled from Bitcoin ETFs, it equals roughly a 3.4% drop in Bitcoin’s price. Ok, so then by that logic, since the ETFs have taken in +$22.5b of inflows YTD BTC should be up 77% this year,” Balchunas wrote on X.

His remarks highlight the role of broader market forces,  including leverage unwinds, macro uncertainty, and digital-asset treasury pressure,  behind the recent selloff, which erased more than $1 trillion in crypto market value since early October.

Bitcoin rises to its highest level since mid-November

Bitcoin extended its recovery on Wednesday, climbing as much as 2.6% to approximately $93,965 — its highest intraday level since November 17.  Ether and other major tokens also traded higher as the broader market attempted to establish a firmer footing after weeks of turbulence.

At the time of writing, the world’s largest cryptocurrency by market capitalisation gave up some of those gains to trade around $93,000.

The bounce was attributed partly to comments from US Securities and Exchange Commission Chair Paul Atkins, who reiterated that the agency plans to introduce a new regulatory framework, including a proposed “innovation exemption,” aimed at giving digital-asset firms more flexibility around issuance, custody and trading.

The remarks were interpreted as a step toward greater regulatory certainty for the sector, which has faced a patchwork of enforcement-driven oversight in recent years.

Vanguard reversal adds fuel to institutional demand

Institutional adoption received another lift after Vanguard, the world’s second-largest asset manager, reversed its long-standing policy and announced that it would allow clients to trade cryptocurrency-focused ETFs and mutual funds on its platform.

The change, effective this week, expands access to regulated crypto exposure for millions of US investors.

The move coincided with heightened expectations that the Federal Reserve will cut interest rates next week, strengthening Bitcoin’s appeal at a time when the dollar has softened, and risk appetite is improving.

Despite the rebound, the market is still showing signs of volatility.

The cryptocurrency market has remained under pressure since late October. However, the streak of inflows could suggest that Bitcoin may manage to end the year on a positive note.

The post Bitcoin ETFs extend inflow streak as BTC price nears $93K appeared first on CoinJournal.

The U.S. Securities and Exchange Commission has stepped in to stop the launch of some of the most aggressive exchange-traded funds ever proposed in the country.

The products were designed to deliver three to five times the daily performance of stocks and cryptocurrencies, pushing the limits of how much risk regulators are willing to allow.

The SEC has stopped ProShares from launching new 3× leveraged crypto funds.
They proposed

3× Bitcoin,
3× Ether,
3× Solana,
3× XRP.

The SEC says the funds break leverage rules, so ProShares must fix the filings or withdraw them.
Nothing moves forward until they do.… pic.twitter.com/SXlYAHKgkZ

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) December 3, 2025

ETF Issuers Pull Filings After SEC Flags Leverage Rule Violations

On Tuesday, the agency issued nine warning letters to major ETF providers, including Direxion, ProShares, and Tidal Financial.

In the letters, the SEC said it would not review the filings unless the firms addressed serious regulatory concerns.

At the center of the issue is Rule 18f-4 under the Investment Company Act of 1940, which limits how much leverage a fund can use.

The rule caps a fund’s value-at-risk exposure at 200% of its reference benchmark, a level several of the proposed products appear to exceed.

The targeted funds used derivatives to magnify daily returns. Some were linked to highly volatile assets such as Bitcoin, Ether, Nvidia, and Tesla, with exposure of up to five times the daily move.

No 5x single-stock or crypto ETF has ever been approved in the U.S., and even 3x products have long faced strict limits from regulators.

The SEC told issuers to either adjust their strategies to meet legal requirements or withdraw their filings altogether.

Within a day of the letters being posted, ProShares moved to pull several of its 3x and crypto-related ETF applications.

Market analysts say the SEC’s latest move shows a clear effort to rein in ETF issuers that have been testing the limits of leverage rules.

The filings under scrutiny were widely viewed as attempts to stretch existing regulations to push higher-risk products into the market, an approach the agency has consistently resisted.

SEC Challenges High-Risk ETF Strategies as Leveraged Funds Hit $162 Billion

The decision also interrupts what had been one of the most permissive periods for ETF approvals in U.S. history.

Over the past year, the SEC approved spot Bitcoin and Ethereum ETFs, crypto yield products, and a wave of structured funds built around options income, partial leverage, and downside protection.

The SEC’s green light of spot Bitcoin ETFs opens the floodgates for issuers, but Bitcoin's price has so far stayed flat, defying expectations. When will we see bullish price action? #CryptoNews #BTCETFhttps://t.co/6mKK9Vdam2

— Cryptonews.com (@cryptonews) January 10, 2024

Even during October’s government shutdown, ETF filings continued to surge despite the agency operating with reduced staff.

Several issuers pressed even further. 21Shares submitted an application for a leveraged fund tied to the Hyperliquid token.

Volatility Shares went a step beyond, filing the first proposals for 5x leveraged ETFs linked to both stocks and cryptocurrencies, applications that quickly drew regulatory attention.

With its latest response, the SEC has effectively drawn a boundary on how far leverage will be allowed to go.

Leveraged ETFs have grown rapidly in popularity among retail traders, particularly after speculative activity surged during the pandemic. Total assets across leveraged funds now stand at roughly $162 billion.

The largest of these products, the ProShares UltraPro QQQ, which targets three times the daily return of the Nasdaq 100, has risen nearly 40% this year and holds more than $31 billion in assets.

However, losses across other products show the risks. The Defiance Daily Target 2x Long MicroStrategy ETF is down more than 83% this year, while a similar 2x fund tied to Super Micro has fallen over 60%.

Another metric of the SEC’s concerns was the speed at which it made its warning letters public.

The notices were released on the same day they were issued, a rare step for correspondence that is typically disclosed weeks later. The agency declined further comment, citing the ongoing review process.

Looks like SEC is pushing back on all the 3x and 5x filings, calling them out on the loophole they were trying to use, to get around the 200% VAR, and "requests them to revise the obj and strategy to be consistent with 18f-4 or withdrawal" Honestly, it's for the best. I'm as… pic.twitter.com/J8p6o1ND2B

— Eric Balchunas (@EricBalchunas) December 2, 2025

Bloomberg ETF analyst Eric Balchunas said the SEC is now directly challenging strategies it believes exploit technical gaps in leverage limits, leaving issuers facing a clear choice: adjust their products or abandon them.

The action also coincides with renewed warnings from former SEC Chair Gary Gensler, who continues to caution that most crypto-linked assets remain highly speculative despite growing institutional interest.

The post SEC Blocks 5x Leveraged Crypto ETFs in Sweeping Crackdown – Are High-Risk Funds Dead? appeared first on Cryptonews.

Bitocin treasury companies continue to accumulate a significant amount of BTC despite current market conditions and now control around 5% of the total BTC supply. These companies are led by Michael Saylor’s Strategy and Metaplanet, which have recently raised fresh capital to buy the dip. 

Bitcoin Treasury Companies Now Hold Over 1 Million In BTC

Bitcoin Treasuries data shows that the top 100 public Bitcoin treasury companies currently hold 1,058,929 BTC, while all public companies combined hold 1,061,697. Notably, Strategy is the largest public Bitcoin holder with 650,000 BTC. Michael Saylor’s company yesterday announced another 130 BTC purchase for $11.7 million. 

Meanwhile, the second-largest Bitcoin treasury company is BTC miner MARA holdings, which holds 53,250 BTC. Tether-backed Twenty One Capital, Metaplanet, and Bitcoin Standard Treasury Company complete the top 5, with 43,514, 30,823, and 30,021 BTC, respectively. Meanwhile, companies like Coinbase, Bullish, and Trump Media are among the top 10 largest BTC treasury companies. 

It is worth noting that these public companies account for only a part of the Bitcoin treasuries. Further data from Bitcoin Treasuries shows that there is currently 4 million BTC in treasuries as a whole, including the coins held by governments, private companies, exchanges, DeFi platforms, and ETFs.  

BlackRock is currently the second-largest Bitcoin holder, only behind Satoshi Nakamoto. Strategy is third on the list, while Binance and the U.S. government complete the top 5, with BTC holdings of 628,868 and 323,588, respectively. The 4 million BTC held by these treasury companies as a group accounts for 19% of the total Bitcoin supply. 

Bitcoin treasury companies such as Strategy and Metaplanet have raised new capital amid the recent crash to buy more BTC. Saylor’s company recently raised $836 million from its STRE offering, which it used to buy 8,178 BTC. Meanwhile, Metaplanet raised $130 million to expand its BTC treasury. 

More Companies Set To Adopt Bitcoin

More Bitcoin treasury companies are set to emerge as $10 trillion asset manager, Vanguard, will start offering BTC ETFs from today. Notably, some companies gain BTC exposure through these ETFs rather than buying Bitcoin directly. On-chain analytics platform Arkham Intelligence revealed that the largest U.S. bank, JPMorgan, holds $300 million worth of BlackRock’s BTC ETF. 

Meanwhile, it is worth mentioning that Bitcoin treasuries such as Strategy are coming under immense pressure amid the current market downtrend. Strategy’s CEO, Phong Le, admitted that they might have to sell Bitcoin as a last resort to fund dividend payments if their mNAV drops below 1x and they can no longer raise capital. 

At the time of writing, the Bitcoin price is trading at around $87,000, up in the last 24 hours, according to data from CoinMarketCap.

• Grayscale says Bitcoin may bottom and could break the halving cycle with new highs in 2026.
• ETF outflows ease with four days of inflows, signaling buyer interest returning.
• Fed rate decisions and US crypto legislation may drive Bitcoin’s 2026 outlook.

Bitcoin’s latest retracement may already be stabilizing, with asset manager Grayscale arguing that the market is on track to break its traditional four-year halving cycle and could set fresh all-time highs in 2026.

Despite uncertainty following a 32% decline from recent peaks, emerging indicators suggest the current drawdown may be closer to a local bottom than the start of a prolonged downturn.

Market indicators point to a local bottom

According to Grayscale’s Monday research report, Bitcoin’s performance in 2025 has already shown characteristics that diverge from the typical post-halving trend.

The firm believes the long-held four-year cycle thesis is likely to prove incorrect and that Bitcoin may reach new highs next year.

One of the key signals cited is the elevated Bitcoin option skew, which has risen above 4.

This level indicates investors have already hedged extensively against additional downside, often a sign that selling pressure may be thinning out.

Grayscale argues that although the broader outlook remains uncertain, current dynamics support the case for a cyclical shift.

Still, analysts warn that a sustained recovery hinges on meaningful reversals in several major flow metrics.

These include futures open interest, ETF inflows, and selling activity from long-term Bitcoin holders—all of which have pressured prices in recent weeks.

ETF outflows ease as buyer appetite slowly returns

US spot Bitcoin ETFs, a major driver of the asset’s momentum throughout 2025, placed substantial downward pressure on the market in November.

The products recorded $3.48 billion in net outflows during their second-worst month on record, according to data from Farside Investors.

However, the trend has begun to reverse.

The funds have now posted four consecutive days of inflows, including a modest $8.5 million on Monday.

While early, the shift suggests investor interest may be gradually recovering following the recent sell-off.

Market positioning reflects what Nexo analyst Iliya Kalchev calls a “leverage reset rather than a sentiment break.”

He adds that the near-term trajectory depends on whether Bitcoin can reclaim the low-$90,000 range to avoid slipping toward stronger support in the mid-to-low $80,000 levels.

Fed policy and US crypto legislation emerging as key catalysts

Investors now turn to the next major macro catalyst: the U.S. Federal Reserve’s interest rate decision on December 10.

Markets currently assign an 87% probability to a 25-basis-point rate cut, sharply higher than the 63% odds priced in one month ago.

Grayscale notes that the Fed’s decision and its forward guidance could play an important role in shaping Bitcoin’s trajectory into 2026.

Later in the year, continued progress on US digital asset regulation may offer another catalyst.

Attention has focused on the Digital Asset Market Structure bill, which Grayscale says could help accelerate institutional adoption if it maintains bipartisan support ahead of the midterm elections.

Momentum began with the passage of the CLARITY Act in the House earlier this year, part of a broader Republican “crypto week” initiative.

Senate leaders from both parties have expressed interest in building on the legislation through the Responsible Financial Innovation Act, which aims to establish a clearer regulatory framework for digital asset markets.

The bill is under review in both the Senate Agriculture Committee and the Senate Banking Committee.

Senate Banking Chair Tim Scott has stated that lawmakers aim to finalize and sign the legislation into law by early 2026, a timeline that could align with what Grayscale sees as a pivotal year for Bitcoin’s next phase of growth.

The post Bitcoin’s downturn shows signs of bottoming as Grayscale sees new highs ahead appeared first on CoinJournal.

• Bitcoin spot ETFs recorded $151M outflows on November 24.
• Ethereum’s products saw inflows of $96.67 million.
• Solana ETFs continue their winning streak with yesterday’s $57 million.

The cryptocurrency sector remains weak as bearish sentiments prevail.

Indeed, recent price drops, muted trading activities, and worries about short-term recoveries have seen many investors adopt a defensive bias.

Exchange-traded funds flow data reflects this uncertainty, with Bitcoin recording massive withdrawals as altcoin products hold steady. Let us find out more.

Bitcoin ETFs continue to struggle – Fidelity’s stands out

BTC spot ETFs had a rough session on Monday, with net outflows totaling $151 million, according to SoSoValue.

That signals deteriorated interest in these financial products, which have played a key role in institutional crypto adoption.

Meanwhile, Fidelity’s FBTC stood out as it posted positive ETF flows of $15.49 million on Monday amidst the broader retreat.

On the other hand, BlackRock has struggled lately, with iShares’ outflows surpassing $2.2 billion so far in November.

Meanwhile, the mixed ETF outflows come as the Bitcoin price experiences notable downward pressure.

The bellwether crypto is trading at $88,190, down from late last month’s high above $115,500.

Ethereum posts inflows

While investors remain more conservative about Bitcoin, Ethereum thrived.

Data shows Ether ETFs attracted $96.67 million in inflows yesterday, with BlackRock’s ETHA dominating at $92.61 million.

Ethereum seems to thrive as Bitcoin struggles, as narratives like the latest attacks on Strategy by JPMorgan magnified uncertainty in BTC-based financial products.

Institutions are seemingly migrating to Ethereum, possibly indicating renewed trust in its unique role in powering scaling solutions, decentralized apps (dApps), and support for new infrastructure.

ETH is changing hands at $2,925 after gaining 3% the past 24 hours. It lost more than 2% the past week.

Solana ETFs maintain upside momentum

Solana held its ground, attracting net inflows of $57.99 million on November 24.

The altcoin has seen positive ETF flows since its debut, highlighting steady institutional demand.

For instance, Bitwise’s Solana spot exchange-traded fund surpassed $500 million AUM last week.

Solana experienced amplified institutional interest due to its robust network that prioritizes scalability, speed, and security.

The team spent the past years rewriting Solana’s reputation, darkened by previous network outages.

Now, the blockchain exhibits a thriving developer community, booming app usage, and Solana-based tokens.

With these factors, Solana has carved a unique lane in the blockchain industry.

SOL is trading at $138 after soaring 5% in the last 24 hours.

The altcoin lost nearly 30% of its value over the past month.

Meanwhile, Solana inflow confirms investors looking beyond price performance while prioritizing long-term potential.

Meanwhile, the latest ETF flow statistics highlight a split market.

Investors are now exploring crypto offerings beyond Bitcoin.

Institutional investors are no longer treating all cryptocurrencies the same.

They’re now evaluating every project based on solid catalysts, narratives, and momentum.

The post Crypto ETF flows: BTC sees $151M outflows as ETH and SOL funds thrive appeared first on CoinJournal.

• Bitcoin ETF outflows and shrinking liquidity intensified the recent BTC price decline.
• Margin liquidations accelerated the selloff as key support levels broke.
• Correlation with tech stocks added pressure amid broader risk-off sentiment.

Bitcoin price has come under intense pressure in recent weeks, with the market enduring a deep pullback fueled by weakening demand, heavy ETF outflows, and a wave of forced liquidations.

The downturn has erased months of gains and pushed traders to question whether the latest slide marks a temporary setback or the start of a deeper cycle reset.

ETF outflows add fuel to the decline

Bitcoin’s slide has been sharp and persistent since its early October peak above $126,000.

Since the October peak, the cryptocurrency has shed almost $800 billion in value, sinking to levels last seen in the spring.

ETFs, once a stabilising force for Bitcoin (BTC), are now driving additional weakness.

BlackRock’s IBIT ETF, which previously absorbed sell-offs, has posted its largest monthly redemption on record, with $520 million leaving the fund.

This reversal marks a shift in institutional sentiment and has become a major source of downward pressure.

A recent NYDIG research highlights how ETF outflows, shrinking stablecoin supplies, and changing corporate treasury strategies are eroding the demand engine that supported Bitcoin earlier this year.

Greg Cipolaro of NYDIG describes the current cycle as a “negative feedback loop,” in which factors that once boosted the market are now accelerating the downturn.

This shift has placed Bitcoin under sustained selling pressure at a time when broader risk appetite is also weakening.

A key part of this shift can be seen in the stablecoin market, where supplies have declined for the first time in months, with some tokens losing significant value after liquidation events.

In addition, digital asset treasuries, once active Bitcoin buyers, are pulling back as they reduce liabilities through asset sales or share buybacks.

These moves have contributed to a steady drain of liquidity across the crypto sector.

Bitcoin price outlook

From a technical standpoint, Bitcoin has plunged into oversold territory and printed a hammer candle, hinting at a potential swing low.

Eyes are now on $88,500, which capped rallies earlier in the year and briefly halted last week’s selloff.

A sustained break above it could create conditions for a short-term recovery, with targets near $94,000 and $95,000.

However, that setup faces stiff resistance from broader market sentiment.

Bitcoin’s tight relationship with risk assets adds another layer of complexity.

The correlation between Bitcoin and Nasdaq 100 futures has climbed to unusually high levels, reaching near 0.96.

When tech stocks fall, Bitcoin tends to follow, and recent turbulence tied to concerns over an AI bubble has weighed heavily on both markets.

Bitcoin dominance has also slipped to multi-month lows, signalling that capital is drifting away from BTC and into either safer assets or high-risk alternatives.

The market is also seeing increased volatility from margin liquidations.

Leveraged positions, especially in perpetual futures, have magnified the recent moves.

As Bitcoin fell below $87,000, more than $900 million in positions were wiped out, with longs taking most of the damage.

Notably, liquidation cascades have become a recurring theme, deepening each leg lower.

Furthermore, oscillating indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), remain bearish, hinting that previous bounces have been sold into quickly.

A drop below recent lows could open the door to a retest of the $76,000 region, where Bitcoin (BTC) stabilised during an earlier market shock linked to tariff fears.

The post Bitcoin under pressure as ETF outflows and margin liquidations drive sharp selloff appeared first on CoinJournal.

• Bitcoin trades near $92K amid mixed signals from ETFs and tech markets.
• Hoskinson and Saylor predict a strong BTC rebound despite recent losses.
• ETF outflows and macro risks could, however, push BTC toward $85K support.

While Bitcoin price has recovered from the low of $88,540 hit on November 19, the question is whether it will hit a higher high than the $93,403 registered on November 18.

Some analysts believe BTC is preparing for a deeper slide, while others insist a powerful rebound is already forming beneath the surface.

At press time, BTC price was around $92,237 and already showing signs of exhaustion, which would spell doom since it formed a lower low on November 19, which is a bearish sign.

Bullish calls grow despite the slide

At $92,237, Bitcoin (BTC) is reeling from a bruising stretch that has erased more than $33,000 from its value in under two months.

Notably, today’s uptick follows a pause in ETF outflows and a rebound in tech stocks, driven by Nvidia’s stronger-than-expected earnings.

While the market remains on edge as macro uncertainty and shifting liquidity conditions continue to pressure risk assets, Cardano founder Charles Hoskinson remains one of the strongest voices calling for a major rebound.

During CNBC’s Squawk Box show on Tuesday, Hoskinson argued that Bitcoin’s recent losses reflect broader macro distortions, including tariff tensions, recession risks, and uneven regulatory signals.

Hoskinson believes these forces will ease in the coming months.

He expects BTC to recover sharply and potentially hit $250,000 within the next year, projecting that institutional adoption and large-scale tokenisation will redefine market cycles.

Michael Saylor shares a similar level of confidence, viewing the current downturn as typical of Bitcoin’s long-term behaviour.

The MicroStrategy executive says the company is built to withstand extreme drawdowns, calling his position “indestructible” in a recent interview with Fox Business.

₿etter than Ever. Today I was the warm-up act for @natbrunell as we both talked Bitcoin with @cvpayne. You’ll want to hear what she had to say. pic.twitter.com/vDaFceyeza

— Michael Saylor (@saylor) November 18, 2025

Notably, Saylor has continued to buy BTC even as volatility increases, reinforcing his view that deep corrections are part of the broader path toward higher valuations.

ETF activity has also become a pivotal factor.

The BlackRock Bitcoin ETF posted a record $523 million daily loss on November 18 following a streak of outflows across the spot Bitcoin ETF landscape.

The Bitcoin ETFs outflow seems to have stabilised, with IBIT seeing $60M worth of inflows on November 19.

Analysts warn that sustained inflows will be essential if Bitcoin hopes to avoid a retest of this week’s lows.

Bearish risks still loom

Not all signals point upward. Some traders see a real chance BTC could break below key support levels near $90,000.

If the market fails to hold this support, prediction platforms indicate rising expectations of a drop toward $87,000.

ETF outflows totalling more than $3 billion this month highlight lingering caution, and many retail participants remain hesitant after weeks of drawdowns.

Macro conditions remain complicated.

Expectations of Federal Reserve rate cuts have faded, while recession concerns are resurfacing due to weak jobs data and ongoing trade friction.

These pressures have limited upside momentum even as Nvidia’s tech rally briefly boosted risk appetite.

Despite the uncertainty, Bitcoin continues to trade like a high-beta asset tied closely to broader market sentiment, and the next few days may determine whether buyers regain control or whether sellers will test new lows.

The post Bitcoin just hit a critical point: analysts split between $85K crash and $250K surge appeared first on CoinJournal.

• Bitcoin ETFs log fifth straight day of heavy outflows.

• BlackRock’s IBIT posts record withdrawal since launch.

• Bitcoin risks further downside as sell pressure intensifies.

US-listed spot Bitcoin exchange-traded funds saw another day of significant redemptions on 18 November, marking their fifth consecutive session of outflows.

The ETFs recorded a combined $372.8 million in net withdrawals, extending a trend that began on 12 November and has now removed billions of dollars from major issuers.

The day’s outflows were driven largely by BlackRock’s iShares Bitcoin Trust (IBIT), which reported $523.2 million in redemptions — its largest single-day loss since launching in January 2024.

Small inflows into EZBC and BTC were not enough to offset broader investor selling.

Date	IBIT	FBTC	BITB	ARKB	BTCO	EZBC	BRRR	HODL	BTCW	GBTC	BTC	Total
18 Nov 2025	(523.2)	0.0	0.0	0.0	0.0	10.8	0.0	0.0	0.0	0.0	139.6	(372.8)
17 Nov 2025	(145.6)	(12.0)	(9.5)	(29.7)	0.0	0.0	0.0	(23.3)	0.0	(34.5)	0.0	(254.6)
14 Nov 2025	(463.1)	(2.1)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(6.0)	(25.1)	(492.1)
13 Nov 2025	(256.6)	(119.9)	(47.0)	(15.7)	(30.8)	(5.7)	0.0	(8.3)	0.0	(64.5)	(318.2)	(866.7)
12 Nov 2025	(36.9)	(132.9)	0.0	(85.2)	0.0	0.0	0.0	0.0	0.0	(23.1)	0.0	(278.1)

Recent sessions have shown a similarly weak pattern, with $254.6 million exiting on 17 November, $492.1 million on 14 November, $866.7 million on 13 November, and $278.1 million on 12 November.

The sustained withdrawals reflect cooling institutional appetite despite pockets of isolated inflows.

IBIT faces heaviest pressure

According to SoSoValue data, IBIT’s $523.15 million outflow on Tuesday surpassed its previous record of $463 million set on 14 November.

The ETF has now posted five straight days of net outflows, totaling $1.43 billion.

With $72.76 billion in net assets, IBIT remains the world’s largest spot Bitcoin ETF.

Yet it has seen a negative flow trend since late October, accumulating four consecutive weeks of outflows amounting to $2.19 billion.

Across the sector, spot Bitcoin ETFs have suffered more than $3 billion in outflows so far in November, with IBIT alone accounting for nearly $2 billion of that figure.

The withdrawals have coincided with Bitcoin’s price correction, which saw the token fall below $90,000 earlier this week from its $126,080 all-time high in early October.

Bitcoin was last changing hands around $91,849, up 1.6% in the past 24 hours.

Bitcoin price tests crucial support

Bitcoin continues to trade near the $90,000 support level on Wednesday.

A daily close below that threshold could open the door to further downside, particularly as institutional outflows reinforce bearish sentiment.

The pressure has been amplified by data showing persistent selling across multiple investor cohorts.

A K33 Research report released Tuesday noted that long-term holders have been trimming positions for months, while ETF investors have accelerated their own selling in recent weeks.

K33 highlighted that Bitcoin’s recent market structure resembles prior major drawdowns.

In March 2024, the token fell 33.57% from its peak, while the tariff-driven sell-off earlier in the year resulted in a 31.95% decline. A similar correction today would place Bitcoin in the $84,000 to $86,000 range.

Analysts at K33 also warned that a resurgence of leverage in the derivatives market could act as a catalyst pushing prices toward — or even below — those levels.

 

The post Bitcoin ETF outflows accelerate as IBIT logs record withdrawals appeared first on CoinJournal.

Bitcoin Magazine

BlackRock Expands Global Bitcoin Strategy with Australian ETF Launch

BlackRock, the world’s largest asset manager, is reportedly planning to launch the iShares Bitcoin ETF (ASX: IBIT) on the Australian Securities Exchange, extending its global Bitcoin investment strategy to the Asia-Pacific region.

Expected to debut in mid-November 2025, IBIT will give Australian investors regulated exposure to Bitcoin through a traditional stock exchange structure, removing the need for offshore accounts or direct crypto custody. 

The ETF will carry a management fee of 0.39% and will wrap the U.S.-listed iShares Bitcoin Trust (NASDAQ: IBIT), which has become one of the most successful ETF launches in history since its January 2024 debut.

The Australian listing places the country alongside major jurisdictions such as the United States, Germany, and Switzerland where Bitcoin ETFs are already active. 

The move also reflects growing institutional demand for Bitcoin across the Asia-Pacific region as more investors seek regulated access to the asset. 

Australia’s embrace of crypto

The announcement follows the Australian Securities and Investments Commission’s updated guidance reclassifying most digital assets as financial products, requiring service providers to obtain an Australian Financial Services Licence by June 2026. 

While Bitcoin itself is not a financial product, funds and platforms offering Bitcoin exposure will operate under this regulatory framework, providing additional investor protection and market transparency.

In other words, a Bitcoin ETP or ETF lets investors gain exposure to Bitcoin without actually buying or storing the cryptocurrency themselves. 

Instead, the fund holds Bitcoin (or Bitcoin-related contracts) while investors simply buy shares on a stock exchange, with the share price moving alongside Bitcoin’s market value. It’s a convenient and easy way to get invested in Bitcoin. 

The announcement comes as Bitcoin trades down from record highs around $104,000, supported by rising inflows into global ETFs and accelerating institutional adoption. 

Earlier last month, BlackRock officially listed its iShares Bitcoin ETP (IB1T) on the London Stock Exchange following the FCA’s decision to relax rules on crypto investment products. 

The physically backed fund allowed retail investors to gain Bitcoin exposure without directly holding the asset, with custody managed by Coinbase. 

Just like with this launch in Australia, the launch was viewed as timely amid rising UK crypto adoption, offering a regulated and accessible entry point for investors.

Last June, Monochrome Asset Management announced their Bitcoin ETF (IBTC) in Australia. The ETF traded under the ticker IBTC and carried a management fee of 0.98%.

This post BlackRock Expands Global Bitcoin Strategy with Australian ETF Launch first appeared on Bitcoin Magazine and is written by Micah Zimmerman.