Shiba Inu (SHIB) Crash Finally Stops: Recovery Next?

BlackRock's iShares Bitcoin Trust (IBIT) on Tuesday reported its largest daily net outflow since its January 2024 debut.

According to SoSoValue data, IBIT saw $523.15 million leave the ETF yesterday, surpassing the previous record of $463 million outflows set on Nov. 14. The ETF has now logged five straight days of net outflows, totaling $1.43 billion.

IBIT — the world's largest spot bitcoin ETF with $72.76 billion in net assets — has experienced a negative flow trend since late October. On a weekly basis, the fund has posted four straight weeks of net outflows, totaling $2.19 billion.

The outflows coincided with bitcoin's recent slide, which saw the crypto fall below $90,000 earlier this week from an all-time high of $126,080 reached in early October. Bitcoin is up 1.6% in the past 24 hours to change hands at $91,849, according to The Block's bitcoin price page.

Despite the recent outflows, Vincent Liu, CIO at Kronos Research, said institutional investors are rebalancing their investments rather than abandoning bitcoin entirely.

"Record-high IBIT outflows signal institutional recalibration, not capitulation," Liu said. "Big allocators are trimming risk, tightening exposure, and testing entry points until macro signals turn clear. When they do, risk-on appetite and allocation will quickly return."

Bitcoin and the broader crypto market have been suffering from reduced liquidity as a result of the extended U.S. government shutdown and uncertainty over the Federal Reserve's interest rate decision expected in December.

Analysts have previously said that liquidity may return to the market slowly as the U.S. government reopens, while the rate cut decision remains the most significant market event heading into year-end. The CME Group's FedWatch Tool currently gives a 48.9% chance that the Fed would cut rates by 25 basis points next month.

IBIT's $523 million outflows on Tuesday outweighed inflows into Grayscale's and Franklin Templeton's funds, resulting in a daily net outflow of $372.7 million for all spot BTC ETFs for the day.

Spot Ethereum ETFs showed a similar pattern. BlackRock's ETHA recorded $165 million in net outflows, outweighing the combined $91 million in inflows across funds from Grayscale, Bitwise, VanEck and Franklin Templeton.

Solana ETFs 

Meanwhile, Tuesday saw the debut of two new Solana ETFs, one from Fidelity (FSOL) and the other from Canary Capital (SOLC). FSOL saw $2.07 million in inflows on its first day, while SOLC reported zero flows.

Bitwise's BSOL, the first spot Solana ETF in the U.S., posted $23 million in inflows, while Grayscale's GSOL had $3.19 million.

Since BSOL launched on Oct. 28, the Solana ETFs as a whole have recorded 16 straight days of net inflows, accumulating $420.4 million in total net inflows.

"Solana ETF 16 day streak of inflows signal altcoins drawing allocators, delivering yield, and gaining traction," Liu said. "One of the freshest, shiniest ETFs around, it bundles staking rewards with exposure, making it easier to capture capital from a variety of investors."

Canary's spot XRP ETF experienced $8.32 million in net inflows yesterday, while its Litecoin ETF and Hedera ETF posted zero flows. 

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© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

0802 GMT - Bitcoin stays weak after reaching an almost seven-month low Tuesday as risk appetite remains low ahead of the Federal Reserve's meeting minutes and delayed U.S. official jobs data. The Fed minutes will be published at 1900 GMT while the September nonfarm payrolls report is due Thursday. Both could provide clues on whether the Fed could cut interest rates again in December. The market is currently split on a December move. The fear is that crypto losses could force retail investors to sell other assets like equities to meet margin calls, exacerbating the broader selling pressure, Deutsche Bank analysts say in a note. Bitcoin falls 0.7% to $91,841 after reaching a low of $89,286 Tuesday, LSEG data show.(renae.dyer@wsj.com)

0800 GMT - China's slowing economic activity is expected prompt a strong policy response on both the fiscal and monetary fronts to meet the government's 2025 growth targets, HSBC Global Research says. Fiscal support will likely play a larger role in supporting growth with an official fiscal deficit of 4% in 2026 as well as ongoing usage of government bonds to support areas like consumption, infrastructure projects and address local government debt risk. Meanwhile, monetary policy remains supportive, with net issuance of CNY500 billion in outright reverse repos in November, they add. There is likely still some scope for cuts in interest rates given the softer growth prints, despite risk of such moves being delayed into next year, they say. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

0751 GMT - Eurozone government bond yields edge lower, trading in line with U.S. Treasury yields, awaiting fresh drivers. "Bunds lack a clear direction but could find a firmer footing once the European inflation pointers are out of the way, while the ultralong end looks vulnerable," says Commerzbank Research's Erik Liem in a note. The final eurozone inflation data should not be overlooked, the rates strategist says. After services prices unexpectedly jumped in October, the details could provide more insight on whether this was a volatile outlier or a signal of more sustained price pressures, he says. The 10-year Bund yield declines 0.5 basis points to 2.701%, according to Tradeweb. There isn't any government bond sale in the eurozone on Wednesday but Italy will hold a bond buyback auction. (emese.bartha@wsj.com)

0748 GMT - The dollar falls as investors turn cautious ahead of key releases that could provide hints on the path of future U.S. interest rate cuts. The Federal Reserve will at 1900 GMT publish the minutes of its last meeting when Chair Jerome Powell said another rate cut in December wasn't a foregone conclusion. The main event this week, however, is the delayed U.S. nonfarm payrolls report for September on Thursday. A deluge of other official data are due to be released after the record-long U.S. government shutdown ended last week. Markets are currently split on whether the Fed will cut rates in December so the data are key. The DXY dollar index falls 0.1% to 99.504. (renae.dyer@wsj.com)

0739 GMT - Sterling falls slightly after data showed U.K. inflation eased in line with expectations in October, firming expectations for the Bank of England to cut interest rates in December. Inflation fell to 3.6% year-on-year in October from 3.8% in September. Core inflation decelerated to 3.4% from 3.5%. "Evidence inflation has peaked should tip the scales toward a December rate cut," Schroders economist George Brown says in a note. However, further cuts will depend on the contents of the Nov. 26 U.K. budget, he says. The market is now pricing in a 79% chance of a December cut, LSEG data show. Sterling last trades at $1.3140 compared with $1.3150 before the data. The euro is at 0.8817 pounds compared with 0.8811 beforehand. (renae.dyer@wsj.com)

0727 GMT - Italian government bonds, or BTPs, could get an idiosyncratic support from Moody's Rating's review of Italy's Baa3 rating on Friday, which has been on a positive outlook since May, says Citi's Aman Bansal in a note. "This is two notches below both S&P and Fitch and has persisted at the lowest investment grade tier since 2018 despite the macro backdrop having improved significantly," the rates strategist says. Citi's latest forecasts pencil in an upgrade over coming quarters following sharp budget deficit undershoots versus the government target in 2024 and 2025, and which is likely to be the case for 2026, Bansal says. The 10-year BTP yield is unchanged at 3.462%, according to Tradeweb. (emese.bartha@wsj.com)

0707 GMT - Markets could react to delayed U.S. nonfarm payrolls data on Thursday "more cautiously than usual" given the significant delay and the resulting information vacuum, says ADSS's Neal Keane in a note. "With the December Federal Reserve meeting still seen as a coin toss for a rate cut, any meaningful deviation from Thursday's print has the potential to meaningfully shift interest-rate expectations," says the UAE-based trading platform's head of global sales trading. A downside surprise in Thursday's payrolls could quickly unwind the recent hawkish tone from Fed officials, prompting markets to re-price a December cut more aggressively, Keane says. A stronger-than-expected print, on the other hand, would likely push December cut expectations further out into the New Year, he says. (emese.bartha@wsj.com)

0655 GMT - If the Federal Reserve cuts interest rates in December, there could easily be four dissenting votes, says Standard Chartered Bank's Steve Englander in a note. If the Fed stays on hold, there are likely to be three, or possibly more, dissents, the head of G-10 FX research and North America macro strategy says. "The problem is that those who want to cut probably want to cut more than 25 basis points, and those who want to hold, want to hold for more than one meeting," he says. For markets, this means that pricing is likely to remain on the fence between hold and cut until the Dec. 10 meeting, he says. (emese.bartha@wsj.com)

0651 GMT - U.S. Treasury yields trade steady to marginally lower in Asian trade as investors await the Federal Reserve's minutes of the October policy meeting for insights about dissents. "[The] FOMC minutes may give deeper insight into voting dissent," says First Abu Dhabi Bank's Simon Ballard in a note. That said, for many analysts Thursday's release of delayed September nonfarm payrolls data will be of even greater focus, the chief economist says. The two-year Treasury yield falls 0.8 basis points to 3.572%, the 10-year Treasury yield edges lower 0.2 basis points to 4.117%, while the 30-year Treasury yield is down 0.2 basis points at 4.738%, according to Tradeweb. (emese.bartha@wsj.com)

0636 GMT - Malaysia's GDP growth outlook may remain resilient heading into 2026, with GDP growth expected at 5.3% in 2025 and easing only slightly to 5.1% in 2026, Barclays says in a note. Strong domestic activity, supportive U.S. trade developments and firm exports, even amid tariff risks, reduce the likelihood of further rate cuts after Bank Negara's July pre-emptive move, it says. With CPI inflation set to stay low at 1.4% in 2025 and 1.5% in 2026, BNM is unlikely to ease further unless growth significantly weakens, it says. Fiscal consolidation may remain on track, with the deficit projected to narrow to 3.5% in 2026, aided by the government's willingness to adjust spending and revenue measures to meet targets, it adds. (yingxian.wong@wsj.com)

0604 GMT - The Philippine central bank is likely to deliver four more back-to-back rate cuts from December, Barclays economists write in a report. Recent scrutiny over corruption in government flood-control projects seems to have had a much bigger economic impact than Barclays anticipated, with 3Q GDP growth slowing to 4.0% from 2Q's 5.5%. The latest GDP print could shift the BSP away from merely trying to normalize the policy rate to actively supporting the economy through an accommodative monetary policy, Barclays says. (amanda.lee@wsj.com)

0529 GMT - Westpac expects the Reserve Bank of New Zealand to cut the official cash rate at its policy meeting next Wednesday, responding to ongoing weakness in the economy. The RBNZ will likely deliver a 25 basis point cut in the OCR to 2.25% and lower the projected OCR track, with the low point expected to be around 2.20%, says Kelly Eckhold, an economist at Westpac. The RBNZ will also retain a mild and data-dependent easing bias for next year, Eckhold adds. The key judgements are likely around the extent of excess capacity, the short-term growth profile, inflation profile, and anchoring of inflation expectations. (james.glynn@wsj.com; X @JamesGlynnWSJ)

PRAGUE, Nov. 19, 2025 /PRNewswire/ -- Clapp Finance today announced the launch of its multi-collateral credit lines, offering a unique way to unlock liquidity from crypto holdings without selling them. This product provides instant, pre-approved capital with highly flexible terms, designed for modern investors who require continuous access to cash or stablecoins.

With demand for crypto-collateralized loans at a record high, Clapp's solution offers a safer, more adaptable alternative, giving users full control, continuous liquidity, and greater peace of mind.

Why Clapp Stands Out

Users may combine up to 19 different cryptocurrencies as collateral for one or more credit lines. You can add, remove, or swap these assets even after you have drawn funds, without needing to close your line of credit.

This provides unparalleled flexibility for real-time portfolio management with access to liquidity 24/7. Future updates could also enable repayment directly from collateral.

Clapp CEO Ilya Stadnik explains: "People want to use their crypto as financial fuel, not just hold it — CeFi lending is up almost 150% since 2023. But it's been stuck in the past: rigid, one-size-fits-all loans. We built multi-collateral, multi-line credit to give users real flexibility. Optimize your collateral, access funds in cash or stablecoins, and always stay in control. It's like having a financial dashboard for your digital wealth."

Key Features & Benefits

• Multi-collateral: Combine multiple cryptocurrencies as collateral and actively manage them — swap, add, or remove — without closing your credit line.
• Multi-line: Run several credit lines at once.
• Instant liquidity: Receive pre-approved funds 24/7 in EUR (via SEPA) or stablecoins (USDT/USDC).
• Pay-as-you-use interest: Pay interest solely on the capital you withdraw.
• Flexible repayment: Pay back what you want, when you want. No fixed schedules.
• Integrated Wallet & Exchange: A unified platform to manage your portfolio, exchange, and credit lines seamlessly.

Ready to unlock the full potential of your portfolio? Activate your Clapp crypto credit line today and experience financial agility without compromise.

About Clapp Finance

Clapp is an EU-based fintech company founded in 2025, providing an all-in-one platform for crypto management. With its integrated wallet, exchange, portfolios, and multi-collateral credit lines, Clapp fuses CeFi and DeFi via powerful and intuitive financial tools, serving users in 130+ countries.

Clapp's journey on X and LinkedIn.

Media Contact: Alicia Ktorides

PR & Communications Manager

aktorides@clapp.finance

https://clapp.finance

SOURCE Clapp Finance

The momentum behind Solana-based ETFs is accelerating as 21Shares prepares to launch its newest spot Solana ETF today, following its final prospectus filing with the U.S. SEC. With Cboe already approving the fund’s listing and registration, the product is now cleared for trading, making it the sixth spot SOL ETF to debut in the U.S. market. The fund carries a competitive management fee of 0.21%, adding another regulated entry point for institutional exposure to Solana.

A Crowded Field of New SOL ETF Entrants

This development comes on the heels of a flurry of Solana-related ETF launches. Just yesterday, Fidelity introduced its own spot Solana fund, FSOL, on NYSE Arca. The fund charges a 0.25% management fee and includes a 15% fee on staking rewards, instantly making Fidelity the largest asset manager offering a SOL ETF. Canary Capital also entered the arena with its Canary Marinade Solana ETF (SOLC), which stakes 100% of its holdings via Marinade Finance, its exclusive staking partner for the next two years. Meanwhile, VanEck launched its VSOL fund on November 17, opening with $7.32 million in assets and offering zero fees until the fund reaches $1 billion.

21Shares itself recently introduced two crypto index ETFs under the Investment Company Act of 1940, giving investors diversified exposure to assets like Bitcoin, Ethereum, Solana, and Dogecoin. The company’s rapid expansion of crypto products reinforces growing institutional trust in Solana’s long-term fundamentals.

SOL ETF Inflows Hold Strong Despite Market Dip

Interestingly, investor demand for Solana ETFs remains strong even as SOL’s price has weakened. On November 18, Solana ETFs recorded $26.2 million in net inflows, their 15th straight day of positive flow. Bitwise’s BSOL dominated with $23 million in inflows, a sharp contrast to Bitcoin and Ethereum spot ETFs, which recorded new rounds of outflows.

This consistent demand suggests that institutional investors view Solana as a high-conviction long-term play, even amid short-term volatility. Solana’s token price has dropped over 10% in the past week, yet inflows continue to accelerate, signaling rising confidence in the network’s staking yields, transaction speed, and expanding ecosystem.

A Strengthening Institutional Narrative

With 21Shares expected to go live today, the U.S. market will now host six actively traded Solana spot ETFs, each offering different staking strategies, fee structures, and exposure models. The wave of launches underscores a broader trend: despite price pressure across the crypto market, Solana is quickly becoming one of the most in-demand institutional crypto assets.

FAQs

You can buy a Solana ETF through any brokerage account by searching the fund’s ticker and placing a standard buy order.

Solana ETFs trade on major U.S. exchanges like Cboe and NYSE Arca, accessible through most online brokers.

Strong ETF inflows can boost long-term demand, but SOL’s price also depends on market conditions and network usage.

They offer regulated, simple exposure to Solana’s ecosystem without needing a crypto wallet or direct token management.

Solana ETFs offer regulated exposure to SOL’s potential. Strong institutional inflows suggest long-term confidence in its technology, but like all crypto, it carries volatility risk.

The 21Shares Solana ETF has the lowest fee at 0.21%. VanEck’s VSOL fund is currently the cheapest, offering zero fees until it reaches $1 billion in assets.

Coinbase is developing a prediction markets website backed by Kalshi, according to screenshots uncovered by tech researcher Jane Manchun Wong.

Wong posted images on X showing what appears to be a fully designed prediction markets interface branded with Coinbase's logo. The screenshots indicate the platform will be operated by Coinbase Financial Markets, the exchange's derivatives division, through a partnership with Kalshi.

Coinbase Reportedly Builds Kalshi-Backed Prediction Markets Platform

There were indications as early as August that Coinbase might be working on a platform combining two of the most talked-about themes in recent months: tokenized stocks and prediction markets. At the time, Max Branzburg, Coinbase’s vice president of product, hinted in a CNBC interview that the company was exploring these new offerings.Max Branzburg, Vice President of Product at Coinbase (Photo: LinkedIn)

“We’re building an exchange for everything,” Branzburg said. “We’re bringing all assets on-chain, stocks, prediction markets, and more.” Apart from that remark, the company has not provided further details about the initiative.

FinanceMagnates.com reached out to Coinbase for comment, but had not received a response by the time of publication. Given the current market momentum, however, such a move would not be out of the question.

Especially, Coinbase already serves as custodian for Kalshi's USDC reserves, a relationship formalized on November 13. Under that arrangement, Coinbase Custody holds the stablecoin backing Kalshi's event-based contracts.

The custody deal provides cold storage, segregated accounts, and institutional-grade security for trader funds. Kalshi selected Coinbase for its compliance standards and monitoring infrastructure, which the prediction market operator said would strengthen trust in event trading.

Platform Details Surface

The leaked images show the Coinbase prediction markets will accept both USDC and US dollars. Markets are expected to cover economics, sports, science, politics, and technology, with regular additions planned.

“Coinbase is working on a prediction market,” Wong wrote, adding screenshots of what is allegedly a new platform the exchange is preparing.

Wong has a track record of discovering unreleased features by examining public source code on platforms including Facebook, Instagram, and X. Her 2017 findings included Instagram's time-tracking dashboard and Twitter's conversation subscription tool, both later confirmed by the companies.

Racing to Capture Market Momentum

Trading volumes on prediction markets surged in recent months. Kalshi recorded $4.4 billion in October volume, its highest monthly total, while Polymarket hit $3.02 billion the same month.

Crypto.com recently launched a prediction markets platform set to integrate with Trump Media. Gemini filed with the Commodity Futures Trading Commission this month to become a designated contract market, aiming to add prediction markets to a planned "super app".

SharpLink — the first publicly listed company to use Ethereum as its primary reserve asset — is drawing attention after moving ETH to an OTC exchange.

The transfer comes as ETH has dropped more than 20% in November. The move has triggered speculation that SharpLink may be selling to cut losses or restructuring its portfolio.

SharpLink Faces Record Unrealized Losses

According to Onchain Lens, using data from Arkham, a wallet linked to SharpLink transferred 5,442 ETH — worth approximately $17.02 million — to Galaxy Digital, a major digital asset management platform.

This move has raised concerns that the company may be attempting to sell in an effort to reduce losses or rebalance its holdings.

Data from the Strategic ETH Reserve (SER) shows that SharpLink is sitting on $479 million in unrealized losses due to ETH’s price decline. CryptoQuant data indicates an even larger figure, exceeding half a billion USD.

CoinGecko data reveals that SharpLink’s average purchase price is $3,609. ETH is now falling toward the $3,000 level. The company made its most recent purchase one month ago and has not added to its position since then.

SharpLink is currently the second-largest ETH-holding institution after Bitmine. The company holds 859,853 ETH, representing 0.712% of the total ETH supply, valued at more than $2.6 billion.

Meanwhile, SBET shares have fallen from above $80 — when SharpLink began its ETH reserve strategy — to $10.55 today. This marks a decline of more than 86%. SBET now trades at a 19% discount to NAV.

Overall, ETH accumulation activity among DATs has slowed in November. Purchases are no longer occurring daily, as was the case in previous months. The shift signals a change in sentiment, from aggressive accumulation to caution, toward the end of 2025.

SharpLink Maintains Commitment to its ETH Accumulation Strategy Despite Price Declines

However, in its latest announcement on X, SharpLink reported generating 336 ETH in staking rewards last week. This brings its total staking-reward accumulation to 7,403 ETH, equivalent to approximately $1.1 million in generated value.

Nearly all of the company’s ETH is staked. This indicates a long-term commitment to its strategy despite market volatility.

SharpLink Gaming reported Q3 2025 revenue of $10.8 million, up 1,100% year-over-year. Net income reached $104.3 million, driven by the firm’s Ethereum treasury strategy.

The report made SharpLink one of the first ETH-based DATs to post positive earnings.

SharpLink’s actions, along with those of other ETH-focused DATs, show that these entities are betting on a much larger long-term play. Recently, Bitwise CIO Matt Hougan said that only complex, value-adding DATs deserve premiums, while passive DATs risk trading at discounts.