📝 Executive Summary
U.S. spot bitcoin ETFs recorded a $1.28 billion outflow in the week ending Nov. 6, marking the largest weekly decline since late June and pushing 2026 net flows into a $914 million deficit. Meanwhile, the Federal Reserve's proposed GENIUS Act rules, set to take effect by Jan. 18, 2027, aim to impose strict reserve and capital standards on stablecoin issuers, though experts warn these protections do not extend to the underlying DeFi lending markets.