October 31, 2026
Bonus Content: Bitcoin’s $643M ETF Exodus Shows It Trades Like Nasdaq
Something strange is happening to your money.
It wasn’t voted on. It wasn’t debated in the Senate. And most Americans have no idea it’s even taking place but…
President Trump is replacing the U.S. dollar.
Not with crypto. Not with a digital currency. Something far bigger than that – and it’s already been signed and sealed in the back rooms of D.C., ready to be issued by the U.S. Treasury.
Bypassing every legal and political channel under the guise of “national security,” Trump has enacted this total money reset using a landmark executive order (1421).
Whether you’re a Democrat or Republican, whether you support this new money or not, it doesn’t matter.
Soon, every U.S. citizen will be forced to use Trump’s New Dollar to fill their gas tank, buy groceries, and pay medical bills.
Which is why I’ve produced a critical new documentary laying out exactly what Trump’s New Dollar means for your savings, your investments, and your family’s financial future.
Detailing three important steps you can take today to prepare – including the name of a core band of assets connected to Trump’s initiative that could surge as a result.
As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.
On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, drowning in debt, with no idea how to use America’s new money to create wealth.
As Trump rolls out his new dollar, the question is:
Good investing,
Porter Stansberry
PS. If you’re wondering what Trump’s new money will look like, when it will be issued, what it means for your investments and why it could be front page news on December 14 – all of those questions are answered in my briefing.
Bitcoin’s $643M ETF Exodus Shows It Trades Like Nasdaq
Friday delivered a lesson crypto traders have been learning slowly over two years, then all at once: bitcoin is no longer a hedge. It is a high-beta expression of the same AI-spending thesis that drove the Nasdaq to its record, and when that thesis gets questioned, bitcoin bleeds faster than the index does.
What Happened
US spot bitcoin ETFs saw $643.2 million in net outflows on October 30, with BlackRock and Fidelity leading the redemptions and erasing a four-day inflow streak in a single session. Ethereum ETFs shed about $155.7 million the same day, with BlackRock’s ETHA accounting for about $76.6 million of that exit. The combined crypto fund total came to roughly $799 million in a single afternoon.
The $643.2 million bitcoin figure marked the largest single-day net outflow since June 25, based on SoSoValue-tracked data. BlackRock’s IBIT led with about $233.7 million, followed by Fidelity’s FBTC at about $201.0 million. From October 26 through October 29, the same funds had attracted roughly $441 million in net inflows across four sessions. One day erased all of it.
Bitcoin itself traded around $77,000 to $77,500 as of early Saturday. At that level, it sat well below its prior peak, though the specific all-time high and date cited here were not supported by the available data.
Why It Happened
Two forces converged on the same session. The Nasdaq posted its worst day since June as disappointing earnings from major technology companies renewed concerns about spending on artificial intelligence. Intel shares plunged roughly 29% in their worst day since 1974, while Amazon reported negative free cash flow of $42.4 billion over the prior 12 months, fueling investor concerns about AI-related spending sustainability.
The AI-spending anxiety that hit Intel and Amazon that session was not isolated to those two names. Broadcom’s custom AI accelerator business shows how deeply hyperscaler capex commitments run through the semiconductor supply chain.
Alongside the equity selloff, the outflows landed one day after a serious security incident at Binance, which on October 29 reported unauthorized withdrawals of approximately $6.3 billion. Blockchain intelligence firm TRM Labs attributed the attack to a North Korea-linked unit it calls TraderTraitor, and Elliptic separately said its analysis also pointed to North Korea. Shares of Coinbase, Robinhood, and Strategy were each down more than 6% in Friday’s premarket before the open.
The price action told the fuller story. Strategy fell 11% on the day. Circle dropped 9.5%, Galaxy 6.8%. The Nasdaq Composite closed at 25,437, down 2.86%. Bitcoin tracked it almost tick for tick on a percentage basis, which is the point.
How Professionals Might View It
The correlation is not a coincidence. Bitcoin’s marginal buyer in 2025 was largely the same institution allocating to AI infrastructure plays. The ETF structure made that link explicit: when a portfolio risk manager cuts gross exposure after an Intel-sized shock, the bitcoin line item goes with the Nvidia line item. Redemptions in IBIT and FBTC do not require a view on bitcoin specifically. They are a consequence of asset-level risk reduction across a correlated book.
The Nasdaq Composite fell to 25,437, its lowest close in October. The selloff pushed the Nasdaq 100 close to correction territory, defined as a decline of 10% or more from an index’s last record high. A disciplined trader watching those levels understands that bitcoin’s floor this week is not set by on-chain fundamentals. It is set by how much further institutional portfolio managers need to reduce overall risk.
What Comes Next
Three names deserve close attention. COIN fell sharply Friday, and its revenue is directly tied to trading volume. Lower prices suppress fees; a further equity selloff compounds that. MSTR holds a very large bitcoin position on its balance sheet and trades as a leveraged proxy; when bitcoin moves 4%, MSTR can move 10%. The relationship is not broken, but the downside math is severe at current leverage levels.
IBIT and FBTC themselves are the proxies to watch for institutional re-engagement. Total net assets across US spot bitcoin ETFs stood at $98.14 billion as of Friday’s close. A return to sustained inflows would signal that institutions have finished their risk-reduction cycle. Until that data turns, price rallies in bitcoin should be treated as relief bounces rather than resumptions.
The Trader’s Lesson
When an asset correlates tightly with equities during stress, it loses its diversification value precisely when you need it most. Bitcoin at $77,000 is not cheap relative to its own all-time high; it is expensive relative to the risk it now carries. Sizing positions that assume uncorrelated behavior, when the data shows correlation above 0.8 on down days, is a process error. Know what your position is actually tracking before you hold it through earnings season.