Texas purchases $5 million Bitcoin ETF and plans to self fund $5 million in Bitcoin

Traders should watch for ETF inflows and whale distributions to determine if the $2.20 support will hold.

Texas purchased a $5 million BlackRock IBIT spot Bitcoin ETF and allocated an additional $5 million for direct purchase and self custody of Bitcoin. （Cointelegraph）

[He Yi: The Crypto Industry Will Challenge Traditional Institutional Interests] He Yi stated that the world is not a zero-sum game but a constantly evolving positive-sum game. As a highly transformative field, the crypto industry will inevitably challenge the interests of many traditional institutions, which will strive to protect their own interests. She emphasized that historical progress will not stop due to opposing voices, and users have the right to independently choose products and services. The smear campaigns against the crypto industry reflect the opponents' helplessness.

On November 25th, the total net inflow of Bitcoin, Ethereum, Solana, and XRP spot ETFs was $296 million, with Bitcoin ETF inflow of $129 million, Ethereum ETF inflow of $78.58 million, Solana ETF inflow of $53.08 million, and XRP ETF inflow of $35.41 million. （Cointelegraph）

[U.S. Initial Jobless Claims Data to Be Released Early Tonight at 21:30] Due to the U.S. Thanksgiving holiday, the U.S. initial jobless claims data will be released early tonight at 21:30 (UTC+8). On November 27, the U.S. stock and bond markets will be closed for a day, and trading for gold, silver, and oil futures contracts will end early.