Yeliz Akmaca 
Crypto investors saw a volatile day on November 5, 2025: Solana spot ETFs climbed for the sixth consecutive day, while Bitcoin and Ethereum ETFs experienced nearly $800 million in outflows. Binance CEO and Trump family stablecoin claims also dominated the headlines.
Spot Solana ETFs Gain, Bitcoin and Ether Funds See Outflows
Solana (SOL) spot ETFs continued their winning streak for the sixth day, attracting fresh capital even as Bitcoin (BTC) and Ether (ETH) funds saw substantial withdrawals. According to Farside Investors, Bitcoin spot ETFs recorded $578 million in outflows on Tuesday alone, marking the largest single-day decline since mid-October. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC led the withdrawals.
Ether ETFs faced similar pressure, posting $219 million in net outflows. Fidelity’s FETH and BlackRock’s ETHA products were the hardest hit, extending a five-day trend that has pulled nearly $1 billion from Ether-linked ETFs since late October. Meanwhile, Solana spot ETFs saw $14.83 million in net inflows, their sixth consecutive day of gains, benefiting funds such as Bitwise’s BSOL and Grayscale’s GSOL.
CZ Pardon and White House Statement
White House Press Secretary Karoline Leavitt stated that the pardon of Binance CEO Changpeng Zhao was reviewed with “utmost seriousness” and followed standard procedures before President Trump approved it. “Every pardon request is first reviewed by qualified lawyers before reaching the President for final approval,” Leavitt said.
In a 60 Minutes interview, Trump noted that he does not personally know Zhao. Zhao had pleaded guilty to failing to maintain an effective Anti–Money Laundering program under the U.S. Bank Secrecy Act and served four months in prison before being pardoned on October 23.
Binance CEO Denies Trump Family Stablecoin Allegations
Richard Teng, CEO of Binance, denied that the exchange played a role in the selection of USD1, the stablecoin issued by the Trump family’s World Liberty Financial, in a $2 billion deal. “The decision to use USD1 was entirely made by MGX; Binance did not participate,” Teng told CNBC.
The deal was initially announced in March, but scrutiny increased after Trump’s pardon of Zhao. Teng emphasized that Binance acted independently of political or corporate influence.
Current Market and Data Highlights
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U.S. ADP Non-Farm Employment: 42K (Forecast: 30K, Previous: -32K)
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BlackRock transferred 34,777 ETH ($115M) to Coinbase Prime
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Orderly protocol began $ORDER token buybacks using 60% of protocol fees
These developments show ongoing shifts in institutional investor behavior and ETF trends. Continuous inflows into Solana spot ETFs indicate that investors are seeking new opportunities rather than exiting the market.
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