Crypto Daily | Bitcoin Rises to $90,500 and ETH Jumps to $3,000; Bukele Boosts El Salvador’s Bitcoin Holdings by $100 Million

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Bitcoin(BTC) Rises to $90,500 with a Narrowed 0.6% Increase in 24 Hours

Bitcoin has risen below $91,000 and is now trading at $90,950, with a 0.6% increase in 24 hours.

Ethereum(ETH) Jumps to $3,000 with a 0.6% Increase in 24 Hours

Ethereum has risen to $3,000 and is now trading at $3,014, with a narrowed 0.6% increase in 24 hours.

Wall Street Regulator Drops Emphasis on Crypto Sector Exams for 2026

The U.S. Securities and Exchange Commission on Monday dropped its emphasis on the oversight of ​companies offering crypto asset-related services as part of its priorities for examining ‌Wall Street firms for the current fiscal year, according to an annual statement published by the agency.

The ‌SEC's Division of Examinations, which scrutinizes the legal compliance of investment advisers, broker-dealers, clearing agencies, stock exchanges and others, said it would focus on fiduciary duty, standards of conduct, and asset custody as well as new requirements for ⁠customer data privacy, among ‌other subjects.

However, the statement contained no standalone section explicitly focusing on crypto activity and the volatility of digital assets, as it ‍has in prior years. The U.S. government's current fiscal year ends on September 30, 2026.

Bukele Boosts El Salvador’s Bitcoin Holdings by $100 Million

El Salvador boosted its holdings of Bitcoin by more than $100 million this week, appearing to buy the dip during a severe rout in the largest cryptocurrency’s value.

The government added 1,090 Bitcoin to its reserve on Monday night, according to the country’s Bitcoin Office. President Nayib Bukele posted an image on X showing the increase, accompanied by a one-word statement that read “Hooah!”

El Salvador now holds 7,474 Bitcoin, according to the Bitcoin office. At current prices, those tokens are worth just under $700 million.

Crypto Exchange Kraken Raises $200 Million from Ken Griffin’s Citadel Securities to Notch $20 Billion Valuation

One of the world’s largest crypto exchanges has raised a huge stash of capital from a blue chip financial titan. The Wyoming-based Kraken secured $200 million in a strategic investment from Citadel Securities, the nearly 25-year-old market maker, a Kraken spokesperson confirmed to Fortune. The investment valued the crypto exchange at $20 billion. 

The round comes shortly after Kraken closed an earlier round of financing in September in which it raised $600 million at a $15 billion valuation from a fleet of Wall Street and Silicon Valley mainstays including Jane Street, DRW, HSG (formerly known as Sequoia Capital China), Oppenheimer, Tribe Capital, and the family office of Arjun Sethi, Kraken’s co-CEO. 

Morgan Stanley’s Complex Bitcoin Bet Draws $104 Million During Rout

As digital-asset prices unravel, Morgan Stanley has drawn outsized demand from wealthy clients for a complex, new Bitcoin-linked product.

The bank this month sold $104 million of structured notes tied to BlackRock’s iShares Bitcoin Trust (IBIT), in a deal five times larger than the next most popular crypto-linked note currently outstanding in the US, according to data from Structured Products Intelligence, part of WSD.

The product offers clients exposure to the token’s swings — but within strict boundaries. The two-year notes, known as dual directional autocallable trigger plus, promises enhanced payouts if the ETF stays flat or rises at maturity, and modest gains if it falls less than 25%. If the ETF drops far enough, investors take losses in full, with no cushion, according to a regulatory filing.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Tuesday was $372.77 million. The total net asset value of Bitcoin spot ETFs is $122.29 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.61%.

The Bitcoin spot ETF with the highest net outflow on Nov. 18 was iShares Bitcoin Trust ETF, with a net outflow of $523.15 million, according to SoSoValue.

SoSoValue