Crypto sentiment sits at 13/100 on the Fear & Greed Index, an Extreme Fear reading, and the fund flows confirm it. US spot XRP ETF outflows reached $19.13 million in the week ending November 13, the heaviest weekly exit in eight months, while US spot Bitcoin ETFs shed $2.35 billion over two weeks and BlackRock's IBIT extended its losing streak to 11 sessions. XRP traded below $1.00 during the week and is down 20% in November, per CryptoRank data cited by BeInCrypto.
Market Pulse: BTC, ETH & Major Cap Movers
Flows, not price action, set the tone on Friday. US spot Bitcoin ETFs recorded $185.4 million in net outflows for the session, with BlackRock's IBIT accounting for $143.5 million and Fidelity's FBTC shedding $41.9 million, according to Cointelegraph. Bitcoin lost more than 9% across the seven days to Friday, a steeper slide than Hyperliquid's HYPE, which traded near $73 after a roughly 7% weekly decline.
Key Benchmark Comparison (Asset or product | Latest reading | Context)
- Fear & Greed Index: Latest reading: 13/100 | Context: Extreme Fear, November 14
- US spot XRP ETFs: Latest reading: -$19.13M (week to Nov 13) | Context: Largest weekly outflow in 8 months, second straight negative week
- XRP price: Latest reading: Below $1.00 | Context: Down 20% in November
- US spot Bitcoin ETFs: Latest reading: -$185.4M (Friday) | Context: -$2.35B across two weeks
- BlackRock IBIT: Latest reading: -$143.5M (Friday) | Context: 11 consecutive sessions of outflows
- Fidelity FBTC: Latest reading: -$41.9M (Friday) | Context: Second-largest outflow named in the report
- HYPE: Latest reading: ~$73 | Context: Down ~7% on the week, about a quarter off its peak
- XRP ETF cumulative holdings: Latest reading: 1.16B XRP | Context: One year after launch, six issuers
The pattern across the table is uniform: redemptions are concentrated in the largest, most liquid wrappers, which is typical when allocators trim beta rather than rotate into a specific altcoin thesis.
Top Crypto Developments Today
XRP ETF outflows hit an eight-month high
US spot XRP ETFs lost $19.13 million in the week ending November 13, their largest weekly outflow in eight months and a second consecutive negative week, per BeInCrypto. The exit coincided with XRP slipping below $1.00 and a 20% November drawdown. The same report flags a seasonal caution: past Decembers have rarely delivered relief for the token, a pattern worth tracking as the calendar turns.
One year in, XRP ETFs hold 1.16 billion XRP
The first US ETF built to provide pure XRP exposure began trading on November 14 last year, and the category now spans six issuers: Bitwise, Franklin Templeton, Canary Capital, 21Shares, Grayscale and REX. Cumulative holdings have reached roughly 1.16 billion XRP, U.Today reported, with the holdings curve trending upward since launch and stepping higher around the debut period and again in August this year. The milestone lands while price momentum has stalled, a split that says more about institutional plumbing than about spot demand.
Bitcoin ETFs bleed $2.35 billion in two weeks
Friday's $185.4 million net outflow pushed the two-week total for US spot Bitcoin ETFs to $2.35 billion. BlackRock's IBIT has now printed 11 straight sessions of net redemptions, an unusually long run for the largest fund in the complex. Fidelity's FBTC shed $41.9 million on the day, confirming the pressure is spread across the biggest issuers rather than isolated to one product.
HYPE outpaces Bitcoin in a falling market
Hyperliquid's HYPE has lost roughly a quarter of its value since its peak, yet it is holding up better than Bitcoin and Ethereum during the current drawdown. HYPE traded near $73 on Friday, down about 7% over seven days against a more than 9% decline for Bitcoin. Its derivatives market offers one plausible explanation for the relative resilience, per BeInCrypto.
Regulatory & Protocol Watchlist
Binance said on November 14 that it generated a new zero-knowledge proof for its Proof of Reserves system, allowing users to independently verify 1:1 backing of account balances. Published ratios show Bitcoin at 100.05%, with 688,283 BTC held against 687,912 BTC of net user balances, Ethereum at 100.02%, BNB at 100.39%, USDC at 100.07%, USDT at 104.34% and SOL at 105.86%. The exchange said the update covers all assets affected by last month's attack, and that withdrawals are being restored in batches with the final phase scheduled for next week.
What Does Binance's Zero-Knowledge Proof Upgrade Change?
It shifts verification from trust to arithmetic. A zero-knowledge proof lets a user confirm that total reserves exceed total liabilities without the exchange disclosing individual balances, which is a core weakness of a plain Merkle-tree snapshot. The caveat is scope: Binance specified that the attestation covers assets held in custody on behalf of users, not its entire corporate balance sheet. Reserve ratios barely above 100% for BTC and ETH leave thin headroom if redemptions accelerate.
Will December Bring Relief for XRP ETF Flows?
The historical record cited by BeInCrypto argues against counting on it. Two straight weeks of outflows, a sub-$1.00 spot price and a 20% monthly loss form a weak base for a seasonal bounce, and the six-issuer field now competes for a shrinking pool of allocator attention. The constructive counterpoint is the 1.16 billion XRP accumulated over twelve months, which shows the wrapper structure has retained assets through at least one full volatility cycle.
Session Outlook
Watch the IBIT flow line first. An 11-session redemption streak is the single clearest signal of institutional de-risking in this tape, and it will not break until a session closes green for the fund. Second, track whether XRP holds the $1.00 handle, since a sustained break keeps the ETF outflow story self-reinforcing. Third, monitor the Fear & Greed print at 13/100, which remains deep in Extreme Fear territory and frames the risk backdrop for the flow data above. For the macro backdrop behind the selling, see our coverage of Bitcoin Hits 12-Week Low Near $68.5K as Fed Rate Fears Erase Summer Rally, and for the liquidity side, Stablecoin Supply Drops $14.2B in 30 Days: Bitcoin Liquidity Warning.
Frequently Asked Questions
How large were XRP ETF outflows in the week ending November 13?
US spot XRP ETFs lost $19.13 million, their largest weekly outflow in eight months and their second consecutive negative week, according to BeInCrypto. The exit came as XRP fell below $1.00 and extended a 20% November decline.
How much have Bitcoin ETFs lost in the past two weeks?
US spot Bitcoin ETFs shed $2.35 billion over two weeks, including $185.4 million in net outflows on Friday. BlackRock's IBIT accounted for $143.5 million of that session and has now posted 11 straight sessions of outflows, while Fidelity's FBTC lost $41.9 million.
How much XRP do US spot ETFs hold after one year?
About 1.16 billion XRP, accumulated since the first pure XRP ETF began trading on November 14 last year. Six issuers now offer the product: Bitwise, Franklin Templeton, Canary Capital, 21Shares, Grayscale and REX.
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Disclosure: This market analysis is provided for informational and educational purposes only and does not constitute financial or investment advice.