Market Overview
Spot crypto ETFs closed the week with $30.5 million in net redemptions on Friday, November 6, according to InflowScan data — a muted finish rather than a rout, with the Bitcoin cohort showing clear dispersion between Fidelity and the rest. Bitcoin trades at $75,890, unchanged on the day and down 0.6% on the week, but still up 13.7% over the past 30 days. Ether lags at $2,244, off 3.7% on the week, while Solana and XRP continue to outperform the majors over the 7- and 30-day windows.
ETF Flows
Friday's settled tape showed -$30.5M ↓ in aggregate net outflows across the spot complex, according to InflowScan data. Issuer reports for Saturday, November 7 have not yet been published and remain settling; the figures below reflect the most recent fully-booked session.
The composition tells the more useful story. Fidelity's FBTC absorbed +$42.8M, the only major fund to register a meaningful inflow. That bid was more than offset by redemptions from two Bitwise products and ARK's bitcoin vehicle, with Solana exposure also seeing a pull.
Top inflows (Friday, Nov 6):
- FBTC (Fidelity): +$42.8M ↑
Top outflows (Friday, Nov 6):
The FBTC-versus-BITB-and-ARKB split within the bitcoin cohort is the pattern to watch. When one issuer draws fresh creations while peers see redemptions on a flat tape, it is historically consistent with allocator-level routing or share-class rebalancing rather than a directional view on bitcoin itself. BSOL's $14.4M exit also stands out given spot Solana finished the week up 9.2%, pointing to profit-taking into strength rather than risk-off.
Asset Price Analysis
Bitcoin holds the $75,890 handle after a quiet session, with the 7-day tape nearly flat and the 30-day move still intact at +13.7%. The round $76,000 level above and $75,000 below frame the near-term range.
Ether trades at $2,244, up 0.3% on the day but down 3.7% on the week — the weakest of the four majors on a 7-day basis. ETH's underperformance against BTC has widened through the week, and with no ether-fund flow prints in Friday's settled top lines, the positioning picture leans thin.
Solana closed at $89.99, down 0.2% on the day but up 9.2% on the week and 15.6% over 30 days — the strongest major on both windows. XRP sits at $1.16, down 1.8% on the day after a 1.7% weekly gain, suggesting some profit-taking after the recent run.
Stablecoin Flows
USDT supply fell $718 million over the past 24 hours and USDC contracted $151 million, according to InflowScan data, leaving aggregate dollar-stable supply lower into the weekend. Net contraction of roughly $870 million in a single session is consistent with redemptions outpacing issuance, which historically softens the on-chain bid heading into Monday. The signal is not alarming on its own, but it does not help the case for an immediate flow-driven reacceleration.
Outlook
Monday's pre-market brief will carry the first fully-settled flow prints for the Nov 7 and Nov 10 sessions, and the FBTC-versus-BITB/ARKB divergence is the single data point most worth tracking. If Fidelity's inflow pattern persists while peers continue to bleed, that is consistent with a routing story rather than a cohort-wide shift.
Levels to watch: BTC at the $76,000 line above and $75,000 below; ETH's ability to reclaim $2,300 after the week's 3.7% drawdown; and whether Solana can hold $90 after BSOL's $14.4M Friday redemption. On the stablecoin side, a second consecutive session of aggregate supply contraction would warrant closer attention as a positioning signal.