Bitcoin ETF Outflows Hit Five Days as Nvidia Slides on CEO Reports; XRPL Lending and Australia Crypto Tax in Focus

US spot Bitcoin ETF lost about $300 million on Wednesday, their fifth straight day of net outflows, while Nvidia fell about 8% after hours on reports that its board is weighing whether to remove CEO Jensen Huang. Two other stories matter for crypto readers: the XRP Ledger’s lending upgrade is closer to a vote threshold, and Australia’s end of its 50% crypto tax discount is closer than the “plans” in some posts suggest.

Summary

• Bitcoin ETFs shed $299.9 million on Nov. 11, bringing five-day outflows to about $1.44 billion, the longest streak since July.
• Nvidia dropped 8.6% to about $158.8 after hours following a Wall Street Journal report, which Reuters said it confirmed independently.
• XRP Ledger’s lending amendment needs 28 of 35 validators for two weeks, and a BingX digest put support at 22.
• Australia’s 50% capital gains discount is set to end on July 1, 2027, and several tax guides say the change has already passed into law.

Bitcoin ETFs post a fifth day of outflows

BlackRock’s iShares Bitcoin Trust took out $269.7 million on Wednesday, about 90% of the day’s total, and Grayscale’s GBTC lost $39.1 million, according to Farside Investors data cited by Cointelegraph. Morgan Stanley’s MSBT was the only fund with inflows, at $9 million. Wednesday’s figure was about three times Tuesday’s $95 million.

#BingXBuzz 🚨📉 US spot Bitcoin ETFs post $300M in net outflows, extending the selling streak to five days⚙️ @Ripple’s XRP Ledger lending system climbs to 22 of 35 validators, moving closer to launch🇦🇺 Australia plans to end the 50% capital gains tax discount on crypto, long-term holders in focus📉 Nasdaq futures fall, @nvidia sinks 8% after hours on a report its board may oust Jensen Huang

— BingX (@BingXOfficial) November 12, 2026

IBIT has now lost more than $2 billion over nine straight sessions. That approaches its longest losing run of 11 sessions in June and July, and the record for all spot funds remains a 13-day streak worth $4.4 billion. Total assets in US spot Bitcoin ETFs stand at about $93.7 billion, PANews reported from SoSoValue data.

Outflow streaks have not always marked a bottom. Bitfinex found that in earlier streaks this year, Bitcoin gained a median 6.4% over the next 10 sessions only when the streak ended with at least three straight days of inflows. We covered the macro backdrop in our report on why Bitcoin fell to $75,000.

Nvidia falls on reports its board may remove Huang

Nvidia shares fell more than 8% in after-hours trading, after closing up 2.9% at $173.73, when the Wall Street Journal reported that the board was preparing to oust Huang. Reuters said it independently confirmed that the board met late Wednesday, according to Forbes. The board is also reported to be considering an interim chief executive. Nvidia did not immediately comment on the meeting.

The reversal is sharp. On Sunday, Nvidia’s board announced an independent investigation after reports that Huang had been targeted by a foreign intelligence effort, and said it had no reason to believe company secrets or US national security were compromised. It also expressed confidence in him. News organizations have since reported on Huang’s personal relationships, including one that US officials reportedly believed involved intelligence gathering for China. These are reports citing unnamed sources, and we have not independently confirmed them.

Analysts say a departure would be a major shock because Huang co-founded the company in 1993 and is closely identified with it, and it is unclear whether Nvidia has a succession plan, Al Jazeera reported. Shares were already down about 23% since Nov. 3, according to The Mac Observer. Nvidia reports quarterly earnings on Nov. 17.

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XRP Ledger lending vote edges closer

Support for the XRP Ledger’s native lending amendment, known as XLS-66, has reached 22 of 35 validators, according to the BingX digest. Activation needs more than 80%, or 28 of 35, for two weeks, per CoinGape. Counts change as validators update their votes, so the figure is a snapshot.

The amendment would build fixed-term, fixed-rate lending into the ledger itself, without external smart contracts. It works together with a companion amendment for single-asset vaults. Ripple’s own validator voted yes in August, but Ripple cannot approve changes alone. Ripple-backed treasury firm Evernorth has said it plans to use native lending to earn yield on its XRP holdings, and a Halborn re-audit found no critical issues. Even with six more yes votes, activation would not happen until the two-week hold passes.

Australia’s crypto tax discount is ending

The digest says Australia plans to end its 50% capital gains tax discount on crypto. The plan dates to the May 12 federal budget, and several guides now describe it as law. From July 1, 2027, the flat 50% discount for assets held more than 12 months is replaced by inflation indexing of the purchase price plus a minimum 30% tax on gains, according to Intokened, which reports the legislation received Royal Assent on June 26.

Gains built up before July 1, 2027 keep the 50% discount if the asset is held 12 months, while growth after that date falls under the new rules, according to CoinTracker’s guide to the transition. Selling before the date keeps existing rules. Tax advisers suggest recording the value of holdings on July 1, 2027. Check the Australian Taxation Office or an adviser for how this applies to you, because details differ by situation.

What to watch next

• Nvidia’s board decision and how the stock opens on Thursday.
• US producer prices on Nov. 13, Nvidia earnings on Nov. 17 and Fed minutes on Nov. 18.
• Whether Bitcoin ETF flows turn positive for three days running.
• The XRP Ledger validator count against the 28-validator threshold.

Read more: Russia central bank approves Bitcoin, Ether and USDT trading for retail investors

This article is for information only and is not investment, tax or legal advice. Reports about individuals are as published by the outlets named.