According to data from SoSoValue, the Solana spot ETF saw a net inflow of $23.66 million yesterday (November 20, Eastern Time).

The SOL spot ETF with the largest single-day net inflow yesterday was the Bitwise SOL ETF BSOL, with a single-day net inflow of $20.12 million. The total historical net inflow of BSOL has now reached $444 million.

The second largest net inflow was into the Fidelity SOL ETF (FSOL), with a single-day net inflow of $2.34 million. The total historical net inflow for FSOL is currently $9.84 million.

As of press time, the Solana spot ETF has a total net asset value of $745 million, a Solana net asset ratio of 1.00%, and a historical cumulative net inflow of $500 million.

Odaily Planet Daily News: Week 47 of 2025 (November 14th - November 20th):

1. Cloverpool has not updated its computing power data for week 47.

2. According to blockchain.com, the average price of Bitcoin was $94,332, with a high of $99,836 and a low of $85,981, down 8.57% from the average price of the previous week ($103,178).

2. Notable mining news includes:

(1) Bitcoin mining company Cipher Mining plans to raise $333 million through a senior secured note issuance;

(2) Bitcoin mining company MARA deposited 644 BTC, worth $58.7 million, into FalconX and Coinbase Prime;

(3) Bitcoin mining company Bitfury announced a $1 billion investment plan, focusing on ethical technology and AI innovation;

(4) Bitcoin mining company CleanSpark spent $460 million to repurchase 30.6 million shares of common stock;

(5) American Bitcoin, a Bitcoin mining company associated with the Trump family, released its Q3 financial report: it increased its holdings by approximately 3,000 BTC during the quarter.

Odaily Planet Daily reports that Irys, a programmable data chain, has announced its IRYS token economics: The total supply of IRYS tokens is 10 billion, with an initial circulating supply of 20%. The allocation is as follows: Ecosystem 30%, Foundation 9.9%, Airdrop and Incentives 8%, Liquidity and Launch Partners 8%, Team and Advisors 18.8%, and Investors 25.3%. Team and investor tokens will be locked for the first year. A 2% inflation reward will be distributed to validators annually, halving every four years; 50% of execution fees and 95% of regular storage fees will be burned.

According to Odaily Planet Daily, on-chain analyst Ai Yi (@ai_9684xtpa) reported that a whale "cleared out its ETH holdings and sold some WBTC". In the past 8 hours, it sold 250 WBTC ($21.17 million) at an average price of $84,710, resulting in a loss of $7.948 million.

His ETH holdings were liquidated in batches between November 17 and November 21, and he finally sold 17,497 ETH ($52.41 million) at an average price of $2,994.9. The 13,316 ETH he had previously established resulted in a loss of $18.4 million.

The whale's WBTC and ETH, which it accumulated at the peak in August and September of this year, lost $26.348 million in less than four months, and the remaining 1,310 WBTC are still showing a floating loss of $40.71 million.

Odaily Planet Daily reports that trader Banmu Xia wrote that Bitcoin currently has two high-probability bottoming levels: 81,800 and 74,800 (Coinbase price), as well as the range between these two prices. If it reaches 74,800, it is very likely to be the lowest point of this bear market.

According to official news from Odaily Planet Daily, BitMart has launched the "Contract Supernova" event. During the event, users can earn chances to win prizes by completing tasks such as registration, advanced verification, net deposit of contract funds, and trading volume. The prize pool includes rewards such as 1 BTC, 1 ETH, SOL, DOGE, and multiple tiers of USDT. The event has a guaranteed minimum reward to ensure that all participants can win a prize.

Complete your first contract trade with 1 USDT to enter a prize draw. Additionally, the official team offers tiered challenges ranging from 100 USDT to 200,000 USDT, allowing users to participate according to their trading needs.

According to Odaily Planet Daily, market data shows that the market capitalization of Meme Binance Life has fallen below $100 million, a 30% drop in the last 24 hours, and is currently trading at $0.09.

According to Odaily Planet Daily, JPMorgan analysts stated that the recent correction in the crypto market—especially after Bitcoin fell below the bank's estimated production cost/support level of $94,000—was primarily driven by retail investors selling Bitcoin and Ethereum spot ETFs, rather than by native crypto traders.

"While the market correction in October was driven by significant deleveraging by crypto-native investors (particularly in perpetual contracts), this deleveraging in perpetual contracts appears to have stabilized in November," wrote Nikolaos Panigirtzoglou, Managing Director at JPMorgan Chase, and his team in a report on Wednesday. "Conversely, the main force driving the continued crypto market correction in November was non-crypto investors, particularly retail investors who entered the crypto market through Bitcoin and Ethereum spot ETFs."

Analysts point out that retail investors have withdrawn approximately $4 billion from Bitcoin and Ethereum spot ETFs so far this month, exceeding the record net outflows of February. This behavior contrasts sharply with retail investor flows in the stock market. Retail investors have already poured approximately $96 billion into equity ETFs (including leveraged products) in November—if this pace continues until the end of the month, the total will approach $160 billion, comparable to levels seen in September and October.

They pointed out that retail investors have previously exhibited similar "divergent behavior": aggressively buying stocks on the one hand, while selling crypto ETFs in only a few months this year (February, March, and now November). This shows that retail investors still view crypto assets and stocks as two separate asset baskets, even though both are risky assets.

AI

According to a report by JPMorgan Chase on Thursday, if global financial index provider MSCI removes Bitcoin "vault giant" Strategy (MSTR) from its stock index, the related capital outflow could reach as high as $2.8 billion; if other exchanges and index compilers follow suit, the total outflow could reach as high as $11.6 billion.

Analysis suggests that the recent decline in MSTR's stock price—coupled with its overall weak performance this year—is more due to market concerns about its potential removal from multiple indices, including MSCI, the Nasdaq 100, and the Russell 1000, rather than a decline in Bitcoin's own price.

"It is precisely because of the inclusion in these indices that Bitcoin exposure has indirectly seeped into the portfolios of both retail and institutional investors," the analyst wrote. "However, this previous indirect penetration may reverse as MSCI now considers removing MicroStrategy and other companies with predominantly digital asset holdings from its stock indices."

MSCI is evaluating a proposal to exclude companies whose primary business is holding Bitcoin or other crypto assets, and which such assets account for more than 50% of their balance sheets.

MSCI stated last month that this "consultation" will continue until the end of this year, with a final decision expected by January 15th.

According to data from CoinGecko, as reported by Odaily Planet Daily, the total market capitalization of cryptocurrencies has fallen to $3.042 trillion, a 5.5% drop in the last 24 hours. BTC's market share is currently at 59.3%, and ETH's market share is currently at 12.1%.

According to Coinglass data, the total open interest of ETH futures contracts decreased by 5.48% in the past 24 hours, currently standing at $36.153 billion. The top three exchanges by open interest are Binance, CME, and Gate, with Binance holding $7.631 billion, CME $6.259 billion, and Gate $3.397 billion.

According to Odaily Planet Daily, on November 20th (Eastern Time), the Bitwise XRP ETF (ticker symbol XRP) was officially listed on the NYSE after receiving approval from the SEC.

According to SoSoValue data, the XRP spot ETF saw a net inflow of $118 million yesterday (November 20th, Eastern Time).

The Bitwise XRP ETF saw a net inflow of $105 million on its first day of trading, with a trading volume of $26.41 million and a total net asset value of $108 million.

The Canary XRPC ETF saw a net inflow of $12.8 million in a single day, bringing its total historical net inflow to $305 million.

As of press time, the XRP spot ETF has a total net asset value of $385 million, an XRP net asset ratio of 0.32%, and a cumulative net inflow of $411 million.

The Bitwise XRP ETF supports cash or in-kind creation and redemption, with a management fee of 0.34%.

According to Odaily Planet Daily, BitMine Chairman Tom Lee stated in an interview with CNBC that the current weakness in the crypto market is highly similar to the crash of October 10th, when a stablecoin pricing error triggered the largest liquidation in history, resulting in nearly 2 million accounts being wiped out and liquidity drying up instantly. Lee pointed out that such deleveraging cycles typically last about 8 weeks, and we are currently in the 6th week, suggesting the market may be nearing the end of its correction.

According to The Block, JPMorgan Chase maintains a "neutral" rating on cryptocurrency exchange Bullish (BLSH), despite its better-than-expected Q3 results. However, it lowered its 2026 price target from $46 to $45, excluding stablecoin interest income from its IPO. The new target price represents approximately 23.3% upside from the current closing price of $36.5. Analysts expect increased market volatility in Q4 to improve the trading environment and are optimistic about the early launch of Bullish's options products and growth in institutional clients.