Chain Reaction by Capital Copilot

Market Under Pressure: Grayscale ETFs Launch Amid Capital Flight Warnings


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November 24th brings critical developments as crypto markets struggle through their worst month since February. Grayscale launches Dogecoin and XRP spot ETFs on NYSE Arca, while Bitcoin hovers around eighty-six thousand dollars after dropping over thirty percent from its October peak. NYDIG Research sounds the alarm on structural capital flight as spot Bitcoin ETF outflows approach three point five five billion dollars for the month. The eighty thousand dollar put option becomes the most popular options trade on Deribit, signaling bearish sentiment shift. Meanwhile, central banks warn that stablecoins could trigger a systemic crisis, Cardano recovers from a temporary chain split caused by an AI-generated exploit, and JPMorgan closes Strike CEO Jack Mallers's accounts, reigniting debanking concerns. We break down what these developments mean for the market and where support may emerge.
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Chain Reaction by Capital CopilotBy Goose Magazine