---
title: "Weekly Recap | Bitwise Bitcoin ETF -1.11%, Bitcoin fades after record push"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304727770.md"
description: "Bitwise Bitcoin ETF (BITB) closed the week down 1.11% at $41.11, outperforming the S&P 500, which fell 2.68%, by around 1.57 percentage points. The week was choppy. Monday and Tuesday traded in a narrow $41.5–$42.3 band, before a volume spike on Wednesday pushed the price to an intraweek high of $44.02 and a close of $43.42. Thursday gave back those gains, dropping as low as $40.92, and Friday settled at $41.11. Weekly amplitude came to 8.27%, with average daily volume of 1."
datetime: "2026-11-07T09:31:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304727770.md)
  - [en](https://longbridge.com/en/news/304727770.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304727770.md)
generator: "portal-rs"
---

# Weekly Recap | Bitwise Bitcoin ETF -1.11%, Bitcoin fades after record push

## The Week

Bitwise Bitcoin ETF (BITB) closed the week down 1.11% at $41.11, outperforming the S&P 500, which fell 2.68%, by around 1.57 percentage points. The week was choppy. Monday and Tuesday traded in a narrow $41.5–$42.3 band, before a volume spike on Wednesday pushed the price to an intraweek high of $44.02 and a close of $43.42. Thursday gave back those gains, dropping as low as $40.92, and Friday settled at $41.11. Weekly amplitude came to 8.27%, with average daily volume of 1.35m shares running about 45% above the median.

## Sector News

Crypto went through a sharp swing this week. Bitcoin broke above $78,000, $79,000, and $80,000 on Wednesday, then slid under $76,000 on Thursday and briefly below $75,000 on Friday before recovering above $76,000. The news flow centred on regulation and flows. Market participants weighed the risk of a wider SEC mandate after political shifts in Washington; Greece approved a 10% capital-gains tax on crypto profits; Nigeria set a 15bn naira minimum capital requirement for foreign-currency stablecoin issuers; and Hong Kong’s SFC moved to regulate terms like ‘crypto’ and ‘exchange’. BlackRock ETF clients sold about $403m of Bitcoin, while Bitwise Bitcoin ETF reported third-quarter net income of $920.47m.

## The Week Ahead

Macro data dominates the calendar. On Tuesday, 11 November, the US releases CPI and core CPI: the market looks for core CPI to rise to 2.8% year-on-year from 2.6%, and headline CPI to 3.9% from 3.7%. The NFIB small-business optimism index lands the same day, with wholesale sales due on Monday. A larger-than-expected inflation surprise could keep crypto and related ETFs volatile. Separately, after Friday’s expiry of about $2.86bn in BTC and ETH options, positioning shifts in the derivatives market are worth watching.

## In Short

BITB fell less than the broader market but carried plenty of internal turbulence: Bitcoin’s push above $80,000 and quick reversal pointed to profit-taking and hedging in equal measure. On the latest trading day, small and medium money were net sellers while large-lot flow turned net buyer, a split direction. With no PE/PB available, the price sits in the upper part of its 60-day range. The next test is Tuesday’s CPI print and whether Bitcoin can hold the $75,000–$76,000 zone.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [BITB.US](https://longbridge.com/en/quote/BITB.US.md)

## Related News & Research

- [Bitwise Bitcoin ETF 3Q 2026: Net income $920.47M — 10-Q Summary](https://longbridge.com/en/news/304688917.md)
- [Tether CEO says company now holds about 150,000 Bitcoin](https://longbridge.com/en/news/304031249.md)
- [Gaming And Leisure Properties (GLPI) Could Be 22% Undervalued On Joliet Expansion And Earnings](https://longbridge.com/en/news/304751287.md)
- [How Investors May Respond To AGCO (AGCO) CORE Engine Debut](https://longbridge.com/en/news/304750422.md)
- [Does Earnings Upgrade Change The Bull Case For CareDx Stock (CDNA)?](https://longbridge.com/en/news/304750546.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**