Bitcoin ETFs Draw $74.57M as Ether Funds Turn Positive
Fidelity's FBTC led Bitcoin ETF inflows, while Ether ETFs snapped a five-session outflow streak, giving both categories a positive daily flow on Nov. 4.
Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.
Fidelity's FBTC led Bitcoin ETF inflows, while Ether ETFs snapped a five-session outflow streak, giving both categories a positive daily flow on Nov. 4.
Linux underpins much of crypto infrastructure, including about two-thirds of Ethereum nodes, putting AI-driven vulnerability discovery directly on the industry's security agenda.
Bitcoin and Ether advanced alongside a $2.79T crypto market cap, while a Fear & Greed reading of 50 marked a measured return of risk appetite.
The bank says client assets were unaffected and some stolen funds were blocked, while the final loss figure remains unconfirmed.
The bank has not confirmed its final loss or a crypto link; Bitquery traced $108.8M in USDC withdrawals but could not connect them to Arkéa.
The case rests on reduced policy uncertainty, possible bipartisan support for crypto and historically constructive post-midterm markets, not a guaranteed election outcome.
Grayscale estimates the U.S. accounts for 15%–20% of global crypto activity, while BlackRock says the election is unlikely to materially affect its crypto business.
The recovery suggests investors are distinguishing exchange security failures from Bitcoin’s underlying network, while derivatives data points to position adjustments rather than a fresh leverage…
Bitcoin’s test of its 50-week moving average is now a key technical level as traders weigh whether the selloff will deepen.
A bullish MACD setup is not confirmation on its own: Bitcoin could still retest the lower $70,000s, while ETH and several altcoins remain near major moving-average barriers.
The rebound faces a test: sellers appear less active, but ETF outflows and weak buyer conviction leave Bitcoin vulnerable to renewed selling.
21.3K $ETH (≈51.8M) moved from unknown wallet to Coinbase Institutional.
Shorts made up 96.4% of Bitcoin liquidations, while market-wide forced closures topped $933M over 24 hours.
Bitcoin funds accounted for $990.98M of the weekly outflows, while Ether funds lost $470.58M, pointing to broad weakness in ETF demand.
The reversal followed $8.9B in combined inflows during August and September, with Ethereum funds accounting for most of October's withdrawals.
The rally follows THORChain's return to cross-chain trading, even as swaps into bitcoin and ether make the stolen funds harder for issuers to freeze.
Bitcoin's rebound still needs steady spot ETF inflows and a break above $82,000, while analysts see tougher negotiations ahead for crypto market-structure and stablecoin rules.
The recovery came with fear still elevated and derivatives activity rising, while traders turn to Friday’s U.S. jobs report for the next macro signal.
Deposits began outpacing withdrawals by Nov. 3, but the net outflow still equaled about 3.1% of Binance's previously reported assets.
Composability lets protocols build on one another, but it also means failures in code, pricing data or collateral can spread across connected applications.
Ethereum is a global, open-source platform for decentralized applications.
Ethereum (ETH) launched on 2015-07-30.
Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.
The official Ethereum site is https://www.ethereum.org/.
Most recent Ethereum coverage: "Bitcoin ETFs Draw $74.57M as Ether Funds Turn Positive" — read at /en-US/a/bitcoin-etfs-draw-7457m-as-ether-funds-turn-positive.