Source publication: November 9, 2026, at 17:30 UTC+8. This summary reflects the reporting and figures available in that historical roundup.
Crypto’s institutional participation indicators pointed in different directions in PANews’ November 9 roundup: spot Bitcoin ETFs recorded weekly net outflows, while the number of institutional investors participating in crypto fundraising rose for a second month. Neither measure, on its own, establishes broader or durable user adoption.
Bitcoin ETFs lost $1.282 billion over the week
According to SoSoValue data cited by PANews, spot Bitcoin ETFs recorded $1.282 billion in net outflows during November 2–6, 2026, measured by U.S. Eastern Time trading dates.
- BlackRock’s IBIT: $1.209 billion in weekly net outflows, with cumulative historical net inflows of $65.100 billion.
- Grayscale’s GBTC: approximately $61.0081 million in weekly net outflows, with cumulative historical net outflows of $28.110 billion.
- Fidelity’s FBTC: approximately $93.117 million in weekly net inflows—the largest weekly inflow among the funds—with cumulative historical net inflows of $10.270 billion.
At the source’s reporting cutoff, spot Bitcoin ETFs held $95.900 billion in total net assets, with a reported net asset ratio of 6.28% and cumulative net inflows of $55.700 billion.
These figures describe flows into and out of investment products, not changes in the number of Bitcoin users or their on-chain activity.
Funding participation recovered, but remained below 2025
CryptoRank data cited in the roundup showed 155 institutional investors participating in crypto fundraising in October 2026, up 16% from September. It was the second consecutive monthly increase after an August low.
The comparison with the previous year was less encouraging: participation remained 56% below October 2025, when 353 institutional investors were active.
The metric counts participating institutions, not capital invested, funding recipients or end users. It therefore supports a narrower conclusion—a recovery in fundraising participation from recent lows—rather than a claim of broad-based adoption growth.
Galxe’s transition puts campaign activity in context
Galxe said it was integrating its team and brand into Gravity to accelerate development and adoption of the Gravity L1. It planned to phase out Galxe Quest, Galxe ID, Galxe Passport and related services, while Gravity would continue operating and the G token would remain unaffected.
The announced timetable stopped new campaign creation immediately, set December 5 as the final day for campaign participation and closed reward claims on December 15, when the website would become read-only. Galxe said user assets remained safe and that claim procedures would be announced separately.
The announcement supplied no user-retention data or figures showing how campaign participants would translate into continuing Gravity users. The stated adoption goal should therefore be distinguished from a measured outcome.
Security disruptions remained a constraint
ACryptoS said an attack affected 77 vaults across five chains, causing approximately $665,000 in losses. Deposits were disabled while withdrawals remained open. The project said it had stopped operating because it could no longer maintain the service.
LNbits also reported attacks and urged users to stop their servers pending security patches. A subsequent update said all instances on its hosted my.lnbits.com platform had been disabled as a precaution and that services would be restored within 24 hours. That was a restoration commitment, not confirmation that recovery had already occurred.
Together, the reports show why investment flows, fundraising participation and usable services need to be assessed separately: none provides a complete measure of adoption or its durability.