Bitcoin fell below $76,000 on November 5 as a sharp technology-stock selloff spilled into cryptocurrency markets, with ether and other major tokens also declining. U.S. spot Bitcoin ETFs recorded $430.2 million in net withdrawals that day, adding to pressure on risk assets as investors assessed the U.S. midterm election results. The Crypto Fear & Greed Index fell to 28 on November 6, indicating Fear, versus 50 (Neutral) a day earlier and 71 (Greed) a month earlier. The pullback highlighted how closely digital assets continued to track broader market risk sentiment.

Standard Chartered Launches Tokenized Deposits in Hong Kong

Standard Chartered launched tokenized deposits for corporate clients in Hong Kong on November 2, enabling eligible businesses to transfer bank deposits using blockchain-based infrastructure. The service connects to the Hong Kong Monetary Authority's EnsembleTX platform, which now supports round-the-clock interbank settlement using tokenized central-bank money. Unlike privately issued stablecoins, these tokens represent deposits held with a regulated bank, helping companies move liquidity without first converting funds into a separate cryptoasset. The bank said live transactions were already being conducted with participating firms and plans to expand the offering into additional markets over time.

Morgan Stanley Begins Tokenizing U.S. Stocks and Treasurys

Morgan Stanley announced that it had begun tokenizing U.S. equities and Treasury securities using the Depository Trust & Clearing Corporation's new Tokenization Service. The platform creates blockchain-based representations of assets already held at DTCC, while preserving the underlying securities' ownership rights and existing investor protections. Morgan Stanley is among an initial group of participating financial institutions that includes JPMorgan, Citi and Fidelity, reflecting growing interest in blockchain settlement within traditional markets. Although the service launched in late October, Morgan Stanley's use of it was reported during the newsletter period, marking a step toward institutional adoption of tokenized assets.

U.S. spot Bitcoin ETFs opened Monday with $398.6 million in net outflows, driven primarily by BlackRock's IBIT ($405.3 million), while Fidelity's FBTC recorded $6.7 million in inflows. Tuesday extended the decline with another $115.6 million in net outflows, led by IBIT ($95.0 million) and Grayscale's BTC ($52.6 million), partially offset by inflows into Bitwise's BITB ($21.9 million). Wednesday brought a brief reversal with $74.6 million in net inflows, led by FBTC ($236.7 million), ARKB ($19.9 million) and BITB ($15.2 million), despite $201.2 million in withdrawals from IBIT. Thursday recorded the week's heaviest selling at $430.2 million in net outflows, led by FBTC ($199.9 million), IBIT ($105.0 million) and GBTC ($49.9 million). Overall, Bitcoin ETFs recorded approximately $869.8 million in net outflows across Monday through Thursday, reflecting sustained institutional selling pressure. Friday's figures remain pending, including final IBIT reporting, and are excluded from the weekly total.

U.S. spot Ethereum ETFs began Monday with $139.7 million in net outflows, driven by BlackRock's ETHA ($138.3 million) and ETHB ($4.6 million), partially offset by $3.2 million in inflows into Grayscale's MSSE. Tuesday continued the decline with another $85.3 million in net outflows, led by ETHA ($74.4 million) and Grayscale's ETH ($10.9 million). Wednesday brought a brief recovery with $53.0 million in net inflows, supported by ETHA ($32.8 million), Fidelity's FETH ($19.2 million), Grayscale's ETHE ($9.7 million) and ETH ($13.6 million), despite $22.4 million leaving ETHB. Thursday reversed those gains with $99.9 million in net outflows, led by ETHA ($75.2 million) and ETHB ($22.0 million), alongside smaller withdrawals from FETH and ETHE. Overall, Ethereum ETFs recorded approximately $271.9 million in net outflows across Monday through Thursday, signaling continued institutional caution. Friday's figures remain pending and are excluded from the weekly total.

Ethereum was the strongest performer among the 13 tracked tokens this week, holding essentially flat at approximately 0.0% over seven days despite the broader market downturn. Bitcoin followed with a 1.0% decline, while Metal Blockchain demonstrated relative resilience, falling just 1.5%. XPR Network (-3.2%) and Dogecoin (-3.8%) also held up better than many major altcoins, with Litecoin (-4.4%) and Loan Protocol (-4.5%) posting moderate losses. Solana (-5.6%), XRP (-5.9%), Hedera (-6.3%) and Stellar (-8.4%) experienced steeper declines. With no positive seven-day performers in the tracked group, this week's ranking highlights the assets that best resisted the broader market reversal.