BlackRock received 4,044 BTC valued at $354 million and 80,121 ETH worth $235 million from Coinbase, data show. The transfers represent ETF redemptions as market makers completed withdrawal processes, marking capital exiting the fund structure rather than institutional buying. Bitcoin traded near $90,898 while Ethereum remained above $3,000 during the transfers.

Ethereum spot ETFs attracted $175.2 million in net inflows across November 24-25, according to Farside Investors data. BlackRock's ETHA led with $92.6 million on November 24, marking its first positive flow in two weeks, while Fidelity's FETH contributed $47.5 million the following day. ETH traded at approximately $2,913, down over 30% from its recent peak, as institutional demand contrasts with continued price weakness below the $3,000 threshold.

U.S. spot Bitcoin ETFs recorded nearly $3 billion in net outflows during November, with a single-day record of $903.2 million on November 20. BlackRock's IBIT led withdrawals with $355.5 million, followed by Grayscale's GBTC at $199.35 million. Data from Farside Investors show the outflows coincided with Bitcoin falling 7.35% to $84,432.53.

Bitcoin production costs have climbed to $112,025 per coin while the cryptocurrency trades around $86,000, creating a significant gap between mining expenses and market value. SwanDesk CEO Jacob King states that miner profitability has reached its lowest level in a decade. The cost-price disparity is forcing some operations to liquidate holdings and may trigger network contraction in coming months.

21Shares has secured automatic approval from the U.S. Securities and Exchange Commission for a spot XRP exchange-traded fund through its Form 8-A filing. The fund will list on Cboe BZX Exchange under the ticker TOXR, with trading expected to begin next week pending final certification.

Canary Capital's spot XRP exchange-traded fund received automatic listing approval from Nasdaq on November 10 following an SEC Form 8-A filing. The ETF will trade under ticker symbol XRPC and charges a 0.50% management fee. Trading is expected to commence later this week pending a final CERT filing.

21Shares submitted Amendment No. 3 to its Spot XRP ETF application under Section 8(a) of the Securities Act of 1933, triggering an automatic 20-day approval window. The SEC must respond within 20 days or approval proceeds automatically. XRP rose over 6% to $2.32 following the filing, according to Bloomberg ETF analyst Eric Balchunas.

ARK Invest has reduced its bullish Bitcoin price target for 2030 from $1.5 million to $1.2 million per coin. CEO Cathie Wood attributed the $300,000 downward revision to faster-than-expected stablecoin adoption in emerging markets, where digital dollar equivalents are increasingly used for transactions and savings. Wood maintains that Bitcoin retains its role as digital gold and the crypto ecosystem's reserve currency, with stablecoins serving complementary functions in everyday commerce.

Tokyo-listed Metaplanet executed a $100 million Bitcoin-backed borrowing on October 31st, utilizing part of a $500 million credit facility. The company holds 30,823 BTC valued at approximately $3.33 billion, ranking seventh among corporate Bitcoin holders globally. Proceeds will fund additional Bitcoin acquisitions, income-generating operations, and potential share buybacks.