Source published November 9, 2026, at 17:30 UTC+8. Figures and scheduled events below reflect that reporting date, not current market conditions.
Bitcoin ETF redemptions, forthcoming token unlocks and protocol security losses were among the valuation-relevant developments in PANews’ November 9 roundup. These measures describe different pressures: fund flows track investment demand, unlocks affect available supply, and exploits can impair protocol assets and operations. None independently establishes a token’s fair value.
Bitcoin ETFs: $1.282 billion in weekly net outflows
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 IBIT: $1.209 billion in weekly net outflows; cumulative net inflows of $65.100 billion.
- Grayscale GBTC: $61.0081 million in weekly net outflows; cumulative net outflows of $28.110 billion.
- Fidelity FBTC: $93.1170 million in weekly net inflows, the largest positive flow among the funds; cumulative net inflows of $10.270 billion.
At the source’s reporting cutoff, aggregate spot Bitcoin ETF net assets were $95.900 billion, with a reported net-asset ratio of 6.28% and cumulative net inflows of $55.700 billion.
These are fund-flow and asset measures, not protocol revenue or a valuation multiple. The aggregate withdrawal also masks differences between funds: FBTC attracted net inflows while IBIT accounted for most of the reported net outflow.
Supply: large ALLO and AZTEC unlocks scheduled
Token Unlocks data cited in the roundup listed the following upcoming releases. All times are UTC+8, and dollar values are the source’s estimates at publication.
| Token | Scheduled unlock | Tokens | Share of circulating supply | Reported value |
|---|---|---|---|---|
| Allora (ALLO) | November 11, 21:00 | About 160 million | 65.56% | About $23.7 million |
| Aztec (AZTEC) | November 13, 08:00 | About 797 million | 31.81% | About $10.3 million |
| YZY | November 14, 11:00 | About 29.17 million | 4.12% | About $8.4 million |
| Starknet (STRK) | November 15, 08:00 | About 127 million | 3.26% | About $5 million |
The source also listed unlocks for Aptos, Sei and peaq worth approximately $2.7 million, $2.5 million and $2.4 million, respectively.
The circulating-supply percentages help describe the scale of each release, but an unlock is not evidence that recipients will sell. The supplied material does not establish realized selling pressure or a corresponding price impact.
Delta discloses unrestricted OTC allocation
DeFi liquidity-management project Delta said an early OTC transaction allocated 26 million DELTA, or 2.6% of supply, to a partner in exchange for operating funding and marketing support.
According to the team, 16.5 million tokens, or 1.65% of supply, had been sold, while 9.5 million, or 0.95%, remained in two receiving wallets. Delta acknowledged that the allocation had no vesting schedule, lockup or other restrictions and that it could not control subsequent sales. It said discussions with the partner failed to produce an agreement and supplied on-chain transaction records to support its statement that the team itself had not sold directly.
The disclosure concerns the terms of token distribution and reported sales; it does not provide a basis for calculating DELTA’s fair value.
Security losses and changes to protocol operations
ACryptoS said an attack affected 77 vaults across five chains, causing approximately $665,000 in losses. The team attributed the exploit to missing input validation, which allowed an attacker to mint most vault shares with a very small token deposit. Deposits were disabled while withdrawals remained open. The project said it had stopped operating because it could no longer maintain the service and urged users to withdraw assets. It offered a 10% bounty for the return of stolen funds.
Galxe announced the integration of its team and brand into Gravity, alongside the phased closure of Galxe Quest, Galxe ID, Galxe Passport and related services. It said Gravity would continue operating and the G token would be unaffected. Activity participation was scheduled to end on December 5, with reward claims closing and the website becoming read-only on December 15. Galxe said user assets remained safe and that claim procedures would be announced separately.
These operational changes should not be conflated with token-holder value accrual. The source provides no quantified revenue impact or valuation model for either development.
Bitcoin activity: transaction count is not fee income
According to Bitcoin.com News, as cited by PANews, Antpool-mined Bitcoin block 974961 contained 11,255 transactions, the second-highest transaction count reported in the network’s history. The record remained 12,239 transactions in block 367853, mined by F2pool on August 1, 2015.
Block 974961 was approximately 1.1 MB, used nearly 99.85% of the block-weight limit, and generated only about 0.002405 BTC in transaction fees. The distinction matters for fundamentals analysis: transaction count, block-weight utilization and fee income measure different aspects of network activity. A high transaction count alone does not establish high fee revenue.
Funding participation recovered, but remained below 2025
CryptoRank data showed 155 institutional investors participated in crypto fundraising in October 2026, up 16% month over month. This was the second consecutive monthly increase after an August low. Participation nevertheless remained 56% below October 2025, when 353 institutional investors were active.
The count measures investor participation, not capital raised, investment returns or protocol revenue. It therefore indicates a recovery in financing activity without establishing a broader valuation conclusion.