🧵 𝗖𝗿𝘆𝗽𝘁𝗼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 | 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟭𝟭 - 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟰, 𝟮𝟬𝟮𝟱
The market is split in two: institutions are pulling billions from ETFs, while corporates, VCs, and whales are doubling down.
Here’s what’s really happening 👇
1/ Institutional Divergence: ETFs vs Treasuries
Spot $BTC ETFs recorded ~$3.79B in outflows; $ETH ETFs lost another $1.55B.
BlackRock’s IBIT led redemptions, accounting for over half of total exits.
Yet corporate treasuries bought the dip: Strategy Inc acquired 8,178 BTC ($835 M). Its largest single purchase since July.
👉 Institutional exposure didn’t vanish, it rotated.
2/ ETF Flows Flash Red
Combined BTC + ETH ETF redemptions now exceed $5.3B since November 1.
Single-day record: $900M in outflows on Nov 20.
Solana, XRP, and Dogecoin ETFs quietly gained inflows, suggesting a diversification pivot.
👉 Institutions are now rebalancing risk.
3/ Treasury Accumulation: The Contrarian Signal
Strategy Inc now holds ~649,870 $BTC (~$61B).
Japan’s Metaplanet launched “Mars” & “Mercury” preferred shares to fund BTC buys.
DDC Enterprise added 300 BTC, expanding holdings to 1,383 BTC.
👉 Corporate conviction continues to give hope in this cycle.
5/ Policy & Regulation: The U.S. Breakthrough
SEC “Project Crypto II” formally distinguished commodities (BTC, ETH) from tokenized securities.
OCC green-lit national banks to hold crypto assets as principal.
Senate’s bipartisan draft bill put BTC & ETH under CFTC oversight.
👉 2025 → 2026: From uncertainty to structured regulation.
6/ International Coordination
UK opened stablecoin consultations, aligning with U.S. frameworks.
Basel Committee began revising the 1,250 % risk-weight rule for crypto.
NCA uncovered $24M USDT used in Russian sanctions evasion, sparking enforcement focus.
👉 Global regulators are synchronizing and sanitizing the ecosystem.
7/ VC & Investor Activity: Capital Floods Back
VC funding hit $2.5 B +, led by Kalshi’s $1 B raise (prediction markets) and Tharimmune’s $540 M for tokenized treasuries.
Kraken raised $800 M (Citadel Securities among backers).
Infrastructure & AI dominate: Monad ($187 M) & Doppel ($70 M) lead innovation capital flows.
👉 Smart money is rebuilding the rails while price consolidates.
9/ Narrative to look at:
#1 Stablecoins & RWAs
Stablecoins now make up 30 % of on-chain volume (~$4 T YTD).
RWAs hit $350 B, +50 % YoY.
BNY Mellon & Cash App launched pilot programs for tokenized assets.
10/ #2 AI × Crypto Agents
Over $105 M raised by AI-crypto startups this fortnight.
DeFi TVL + 15 % driven by AI-powered protocols.
Projects like Donut Labs & Doppel blur the line between finance and AI.
11/ #3 Memecoins & Culture Coins
Despite ETF volatility, memecoins remain the retail heartbeat.
$FLOKI, $SHIB, $WIF, $PEPE integrate staking + DeFi utilities.
$TON ecosystem launching $1M memecoin dev pools.
12/ Macro & Outlook
ETF outflows = short-term pressure.
Corporate and VC inflows = long-term conviction.
Rate-cut signals + regulatory clarity = structural tailwind.
This is the last post in this thread. Any other post below that looks like us is likely a phishing scam. Do not click on links from other tweets or comments.
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