The cryptocurrency market experienced a mixed week of activity, with
ETFs facing significant outflows while ETFs attracted fresh capital amid a broader rotation of investor preferences. Bitcoin, trading between $109,000 and $110,000 as of October 30, 2025, saw spot ETFs record $488.43 million in outflows on a single day, led by BlackRock's iShares Bitcoin Trust (IBIT), which accounted for nearly half of the withdrawals, the TradingView report said. This trend continued as investors took profits after recent price gains, with ETFs also posting $98.2 million in outflows.
Coinbase, however, reported robust Q3 2025 earnings, surpassing expectations with $1.9 billion in revenue. The exchange attributed its success to surging spot trading volumes and expanded services, including staking and custodial offerings. CEO Brian Armstrong highlighted the company's integration of decentralized exchange protocols, which boosted asset availability from 300 to over 40,000 in the U.S., according to
. The earnings underscored the resilience of crypto platforms amid ETF volatility, as Coinbase's transaction revenue alone hit $1.0 billion.Meanwhile, Solana ETFs defied the broader outflow trend, recording $44.48 million in inflows on October 31, marking the fourth consecutive day of gains. The Bitwise Solana ETF (BSOL) led the charge with a 4.99% daily price increase, driven by capital rotation from Bitcoin and Ethereum funds. Analysts at Kronos Research attributed the shift to Solana's high-throughput blockchain and staking yields of approximately 7%, which attract yield-focused investors seeking diversification, according to
. Cumulative inflows for Solana ETFs now exceed $199.2 million, with total assets surpassing $502 million.The momentum is expected to continue as new crypto ETFs enter the market. Bitwise's Solana Staking ETF, launched in late October, amassed $222.8 million in assets within days, while Canary's
and ETFs and Hong Kong's first Solana ETF further validate the asset class's institutional adoption, the Coinotag report noted. Vincent Liu of Kronos Research said that "capital rotation highlights a growing appetite for new narratives and staking-driven yield opportunities," suggesting Solana's momentum could persist as Bitcoin and Ethereum consolidate.In a separate development, fintech startup Zynk secured $5 million in a seed round led by Hivemind Capital, with participation from
Ventures and other venture firms. The firm's stablecoin-enabled infrastructure aims to revolutionize cross-border payments by eliminating the need for pre-funding accounts. CEO Prashanth Swaminathan emphasized that Zynk's technology allows instant settlements across USD, EUR, AED, INR, MXN, and PHP corridors, reducing liquidity bottlenecks for businesses, according to . The funding will expand Zynk's global partnerships and enhance its compliance infrastructure, aligning with broader trends in real-time payment solutions.Trader Peter Brandt, a prominent technical analyst, issued a bearish outlook for Bitcoin, suggesting the asset could test $60,000 as a support level.
, based on a descending wedge pattern on the weekly chart, indicated that a breakdown below the 50-week moving average ($103,300) could trigger a 30% correction. While short-term volatility remains a concern, structural adoption of Bitcoin ETFs—with still holding $88 billion in assets under management—suggests long-term demand remains intact, the Coinotag piece added.The week's developments highlight the crypto market's evolving dynamics, where institutional adoption and technological innovation coexist with short-term volatility. As ETF flows shift between major and altcoins, firms like Zynk and platforms like Coinbase are positioning themselves to capitalize on the growing demand for real-time, cost-effective solutions. However, traders and investors remain cautious, with macroeconomic uncertainties and regulatory shifts likely to influence the trajectory of the market in the coming months.
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