Historical snapshot based on PANews reporting published November 7, 2026, at 17:17 UTC+8. Figures below reflect the source’s observation windows, not live market readings.
ETF flows: $412 million leaves spot Bitcoin funds
US spot Bitcoin ETFs recorded $412 million in net outflows on November 6, US Eastern Time, according to SoSoValue data cited by PANews.
- BlackRock IBIT: $403 million in net outflows, the largest withdrawal among the funds. Its cumulative net inflows stood at $65.101 billion.
- Fidelity FBTC: $42.8235 million in net inflows, the largest inflow that day. Its cumulative net inflows reached $10.266 billion.
- Combined spot Bitcoin ETFs: $95.897 billion in net assets and $55.699 billion in cumulative net inflows at the time of reporting. The reported ETF net-asset ratio was 6.28%.
The aggregate withdrawal therefore did not represent uniform selling across every fund: FBTC attracted capital while IBIT registered substantial outflows.
Macro conditions: jobs beat expectations as rate bets shift
US October nonfarm payrolls increased by 165,000, compared with expectations of 65,000, according to Bureau of Labor Statistics figures cited in the report. Unemployment fell to 4.1%, from 4.2%.
September payroll growth was revised from 29,000 to 60,000, and August from 133,000 to 186,000—a combined upward revision of 84,000. The report said US short-term interest-rate futures fell following the release as traders increased bets on a Federal Reserve rate increase in December.
Separately, Glassnode reported a 0.8 correlation between Bitcoin and the S&P 500 over the preceding 30 US equity trading sessions, a level it described as unusually high relative to most of the period since 2020. Glassnode’s interpretation was that macro factors remained influential. That backward-looking correlation is not a price forecast.
On-chain transfers: destinations do not establish sales
Arkham monitoring cited by PANews showed IBIT depositing 1,883 BTC, worth approximately $143 million, into a Coinbase Prime hot wallet roughly one hour before the underlying report.
Onchain Lens also reported that Fidelity had transferred 27,000 ETH, worth approximately $60.27 million, to Galaxy Digital during the reporting day. Arkham identified the sending addresses as Fidelity Custody addresses. The source suggested the ETH might be intended for sale, but did not establish that a sale had occurred.
These transfers and the ETF flow figures describe different observations; the supplied report does not establish a direct transaction-level link between them.
Access and operational risks
PANews reported that Binance would close French user accounts and cease French operations on December 31, 2026, because it had not obtained EU MiCA authorization. Deposits were already unavailable. Accounts retaining assets from November 29 would face a monthly management fee of 0.025%, with a minimum of 10 USDC; accounts fully withdrawn before that date would be exempt.
In China, a People’s Bank of China official said authorities had stopped the “Solana Accelerate China 2026” Shanghai event before it began and would investigate the entities and individuals involved. The official identified domestic virtual-currency dealers and domestic affiliates of overseas issuance and trading platforms as enforcement priorities.
Meanwhile, Bloomberg reported that a US Labor Department rule potentially allowing cryptocurrency and other alternative assets in 401(k) plans had reached final White House review. It was not yet in effect, and individual plans would retain discretion over whether to include such assets.
Taken together, the snapshot shows ETF withdrawals, unusually close Bitcoin–equity correlation and jurisdiction-specific access risks—not a confirmed directional price signal.