Daily wrap · Thursday, November 12, 2026

MSCI drops Strategy from its USA Index, with index funds required to sell by Nov. 30

US spot bitcoin ETFs had net outflows of $95 million on November 10 and $1.58 billion over seven days, as BlackRock's IBIT led withdrawals.

By Coinucation Research, reviewed by Coinucation Editorial · Published Nov 12, 2026, 07:00 UTC · Covers the last 24 hours to 07:00 UTC

The 30-second version

MSCI removed Strategy (MSTR) from its USA Index, and index funds that track it must sell their shares by November 30.
Bitcoin ETFs had net outflows of $1.58 billion over seven days, and ether ETFs had $486 million in outflows over the same period.
Bitcoin was flat at $73,496 and ether fell 0.5% to $2,043, while the Fear and Greed Index stood at 28, in Fear.
Deutsche Bank opened bitcoin custody to paying institutional clients, and Russia's central bank cleared an exchange to start crypto trading on Nov. 22.
OKX and ICE plan to launch 24-hour tokenized stock trading on November 23 after 67 companies opted out.
Bitcoin Core disclosed three patched security bugs, including one that could stop some nodes from building blocks.

Market snapshot

change vs the previous wrap

Bitcoin$73,496-0.1%24 hours, hourly

Ether$2,043-0.5%Total market cap$2.47T-0.2%BTC dominance59.9%+0.1 pts Fear & Greed28 fear-1 pts ETH gas (avg)0.16 gwei-37.8%

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What moved

top 100 by market cap · 24 hours

Gainers

Losers

A reason appears only where our data or a primary source supports one; otherwise it is just the move.

The big stories

ranked by how many outlets covered them · 276 headlines read

1MSCI removes Strategy from USA Index, index funds must sell by Nov. 30

MSCI dropped Strategy (MSTR) from its USA Index, so index funds that track it must sell by November 30. Ahead of the decision, Michael Saylor promoted a tax-efficient bitcoin dividend model, and selling by bitcoin treasury companies reached an unusually high level.

BTC Reporting: CryptoPotato · Crypto Briefing · BeInCrypto · Bitcoin Magazine.

2Bitcoin ETFs log fifth straight day of outflows, led by BlackRock

BlackRock's IBIT had $269.7 million in outflows during a five-day run of withdrawals from bitcoin ETFs. Our tracker shows net outflows of $95 million on November 10 and $1.58 billion over seven days. One outlet reported that large holders were adding coins during the same period.

BTC Primary: Coinucation ETF tracker. Reporting: CryptoSlate · Crypto Briefing · BeInCrypto.

3Reports show large holders reducing BTC and ETH positions

Large bitcoin holders sold $2.6 billion in BTC, according to one report. Whale holdings of BTC and ETH declined, and outlets examined whether some of those funds are moving into XRP.

BTC ETH XRP Reporting: Bitcoinist · CryptoPotato.

4Binance hacker's XRP holdings fall as funds are swapped for bitcoin

XRP held by the Binance hacker is falling quickly as the funds are converted into bitcoin. Outlets also reviewed the state of BTC, ETH and XRP after the recent market decline.

BTC ETH XRP Reporting: Coinpedia · CryptoPotato · CryptoSlate.

5Bitcoin Core discloses three patched node vulnerabilities

Bitcoin Core disclosed three security bugs affecting nodes, all of which have been patched. One of the flaws could cause some nodes to stop building blocks.

BTC Reporting: U.Today · Crypto Briefing · CryptoPotato.

6XRP tests $1 after David Schwartz says he has not bought in years

XRP traded near $1 support after Ripple's David Schwartz said he has not bought XRP in years. His comments drew strong criticism, and one outlet questioned why he sold while whales are buying.

XRP Reporting: Coinpedia · AMBCrypto · CryptoPotato.

7BitMine carries a $6.3 billion loss on its ether holdings

BitMine has a $6.3 billion loss on its Ethereum position, built by buying during price declines. Outlets used the loss to examine the risks of running a corporate treasury around ETH.

ETH Reporting: CryptoPotato · AMBCrypto.

8Bitcoin's post-midterm rally fails to hold $81,000

Bitcoin's rally after the US midterm elections did not hold above $81,000. Arkham labeled CoinShares bitcoin ETP wallets holding 20,652 BTC and VanEck bitcoin ETN wallets holding $507 million in BTC.

BTC ARKM Reporting: Coinpedia · Crypto Briefing.

9Payward moves over 200 UK and EU stocks onchain, plans Hong Kong

Payward has put more than 200 UK and EU stocks onchain and plans to add Hong Kong next. Separately, Alphabet plans a debut bond sale of about $3 billion in Hong Kong and Singapore dollars.

JST Reporting: Crypto Briefing · Coinpedia.

10OKX and ICE set Nov. 23 start for 24-hour tokenized stock trading

OKX and ICE will begin 24-hour trading of tokenized stocks on November 23. The launch follows 67 companies opting out of the program.

Reporting: Crypto Briefing · Bitcoin Magazine.

Flows

Spot BTC ETFs

-$95.00M

Tue, Nov 10 · 7-day -$1.58B

Spot ETH ETFs

-$2.00M

Tue, Nov 10 · 7-day -$486.00M

Stablecoin supply

$289.03B

-$440.60M on the day · 7d -$4.31B

Leverage

OKX perpetual swaps

Market	Liquidated	Longs / shorts	Funding (8h)	Open interest
BTC	$13.04M	$8.26M / $4.78M	0.0100%	$2.60B -1.6%
ETH	$12.37M	$6.56M / $5.81M	0.0044%	$1.38B -2.4%
SOL	$3.19M	$1.40M / $1.79M	0.0028%	$300.07M -0.2%
XRP	$1.26M	$771.2K / $487.4K	0.0100%	$84.60M +4.6%
DOGE	$2.24M	$2.08M / $164.5K	0.0029%	$84.19M -2.0%
BNB	$22.9K	$1.2K / $21.7K	-0.0001%	$40.30M -2.6%

Leverage is steady: open interest moved -1.7% and liquidations were modest. Total liquidated $32.11M on OKX perpetual swaps; one venue, so the market-wide total is larger. Liquidation calculator.

Treasuries

No new company purchases in SEC filings in this window.

Network

ETH gas now

0.05 gwei

avg 0.16 over the window

next adjustment -7.3% in 219 blocks

Bitcoin's difficulty adjusts in about 219 blocks, an estimated -7.3%. Ethereum gas is well below its 24-hour average.

Regulation and policy

Deutsche Bank launches bitcoin custody, Russia and Israel open trading

Deutsche Bank opened digital asset custody, including bitcoin, to paying institutional clients. Russia's central bank cleared an exchange to start bitcoin and crypto trading on November 22, though the country's biggest exchange is under US sanctions. Israel Discount Bank will offer in-app bitcoin trading from November 26.

BTC ETH Reporting: BeInCrypto · U.Today · Bitcoin Magazine · Crypto Briefing.

SEC and crypto firms back CFTC in single-stock perpetuals case

The SEC is supporting the CFTC in a court dispute over single-stock perpetual futures. Coinbase, Kalshi and Kraken's parent company are seeking to back the CFTC as well.

Reporting: AMBCrypto · Crypto Briefing.

Texas bill would allow local governments to buy up to $10M in bitcoin

A Texas bill would allow each city and county in the state to invest up to $10 million in bitcoin.

BTC Reporting: Crypto Briefing.

Giancarlo says US crypto does not need the Clarity Act

Former CFTC chair Christopher Giancarlo said the US crypto industry can grow without passage of the Clarity Act.

Reporting: Crypto Briefing.

House Democrats draft stricter crypto rules with SEC oversight

House Democrats are preparing stricter crypto legislation that would give the SEC oversight of the sector.