💸 $1.2B in outflows. Who is winning?

BTC ETFs bleed, SOL steals the spotlight, XRP ETFs enter countdown mode, and Uniswap rallies on fee-sharing hype as the U.S. shutdown truce lifts sentiment.

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Bitcoin exchange-traded funds (ETFs) saw $1.2 billion in outflows last week, their worst stretch since summer, yet Wall Street just keeps doubling down on crypto exposure.

So what’s happening?

📉 The breakdown:

  1. Fidelity (FBTC): –$256M

  2. ARK & 21Shares (ARKB): –$144.2M

  3. BlackRock (IBIT): –$131.4M

  4. Grayscale (GBTC): –$15.4M

  5. Bitwise (BITB): –$10.7M

And Ethereum ETFs were not exempt either, losing $500M+ over the same week.

But the real surprise? Solana ETFs: they’re the only bit of sunshine as they book a combined $136.5M inflows since its launch on Oct 28.

❝

These aren’t retail panics, institutions are rotating out exposure, not leaving crypto.

said James Seyffart, an analyst who specializes in ETFs.

Prices show the same sentiment

  • → BTC +4% ( $106,371 ) in 24h

  • → ETH +4.9% ( $3,607 )

  • → SOL +5% ( $167 )

The market is gaining confidence even if ETF flows are weak post U.S. shutdown. At that moment we are in the accumulation area of 106K – 110K BTC, analysts believe.

Wall Street’s footprint keeps growing

BlackRock’s IBIT still leads with $82.3B AUM, followed by Fidelity’s $20.7B and Grayscale’s $17.7B, a combined $138B under management. Meanwhile, XRP ETFs from Canary Capital, CoinShares, and Franklin Templeton just appeared on DTCC’s pre-launch list, signaling an imminent debut.

❝

With the government back in session, expect a surge in ETF approvals, the first spot XRP ETF could go live any day.

said Nate Geraci of ETF Store.

The U.S. government shutdown is almost over after 40 days. Senate leaders reached a bipartisan agreement (60–40 procedural vote) that has the potential to pass the House and get federal operations back up by the weekend.

Why it matters for crypto:

→ Reg freeze lifts: SEC & CFTC back to work, ETF filings start to get cleared and so do token project reviews.

→ Macro relief: Less uncertainty, more liquidity flowing into Treasuries and risk assets follow.

→ Historical rhyme: $BTC rallied >250% 5 months after the last shutdown ended in 2019.

Prediction markets on Polymarket now estimate a 54% chance that the pipeline will reopen before Friday. What traders are watching for is reignited confidence if Washington can break the gridlock, with dormant ETF and policy moves coming back to life.

📊 Market Watch

1️⃣ James Wynn shorts it all out

High-stakes trader James Wynn is bet his whole portfolio against the crypto market – liquidating all of it except for long-term BTC and converting 30% of his holdings to stablecoins in order to open 40× leveraged shorts on Hyperliquid.

He says it’s “going to be hundreds of millions or bust,” even vowing to delete his X account if the trade goes south.

2️⃣ Bitcoin’s ‘Coiled Spring’ Setup

Analyst Adam Livingston claims Bitcoin’s long-term power-law signal suggests spectacular upside for the leading cryptocurrency which he dubs a “coiled spring.”

He estimates the fair value for BTC to be $142K, with the potential of reaching $512K by Dec 2025 given that this pattern is replicated.

3️⃣ XRP ETF countdown begins

21Shares submitted an 8(a) to the SEC for its spot XRP ETF and a 20-day countdown to automatic approval began unless regulators raised an objection.

The fund is to be pegged to the CME CF XRP-USD rate, trade on Cboe BZX and offer 10K seed shares supported by custodied XRP.

Chart our analyst is watching

UNI awakens, revenue sharing hype fuels rally

Uniswap’s UNI token jumped 15% to $6.81, recovering from near $5 lows as traders price in the long-awaited “fee switch” which could redirect part of DEX revenue to holders.

🟣 Key snapshot:

→ October fees: $275M: Uniswap all-time high, surpassing 2021 bull levels

→ DEX volume: 6.1% of total volume

→ Polymarket odds: 33 percent by Dec 2025, 73 percent by summer 2026

UNI rally rides renewed faith in token holder reward, but open interest stands light at $229M, just under the year’s peak of $391M.

For now, it’s a tale of fundamentals meeting price, if governance finally votes “yes.”

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🎭 Culture Watch

Binance founder Changpeng “CZ” Zhao just torched $490,000 worth of random meme coins sent to his public donation wallet including quq, SIREN, and BNBCARD, saying he was simply “cleaning up.”

CZ clarified on X that the wallet is meant to hold only BNB, warning token creators:

“Next time, I might market sell them. Don’t send tokens if you don’t want them sold.”

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