BitMine posts $6.3B loss as Deutsche Bank launches crypto custody

Bitcoin funds bled again. US spot Bitcoin ETFs logged $299.90 million in net withdrawals, SoSoValue data shows, with BlackRock's IBIT accounting for $269.73 million of the damage. IBIT's historical net inflow still sits at $64.54 billion. Morgan Stanley's MSBT went the other way, pulling in $8.96 million on the day and lifting its all-time inflow to $834.13 million. Across the group, net assets total $93.70 billion at a 6.24% ETF net asset ratio, with $55.10 billion in cumulative net inflow since launch.

BitMine had a rougher year. The former Bitcoin miner reported a $6.3 billion net loss for the fiscal year ended August 31, disclosed in an annual report filed with the SEC on Tuesday. Almost all of it — $6.2 billion — came from unrealized Ethereum losses as ETH slid. On Coinbase, ETH traded as high as $4,763 and as low as $1,506 during that stretch.

The company ended fiscal 2026 holding 5,901,837 ETH, a jump from 1,874,927 a year earlier. That stack cost $19.9 billion and was worth $14.6 billion at year-end prices. BitMine put its combined crypto, cash and equity holdings at $15.4 billion on the same date; a Monday update pegged the total at $14.3 billion as of November 8.

Deutsche Bank opened the vault. The German lender went live with its Digital Asset Custody service on November 11, 2026, offering regulated crypto custody to institutional and corporate clients across Europe. It moved fast — the plan was only unveiled on September 16, 2026, and go-live tracked the applicable regulatory timeline. Deutsche Bank manages wallets and private keys for clients rather than farming the job out, and the service covers five assets: Bitcoin, Ether, USDC, EURC and EURAU.

Unocoin is still locked out. The Indian exchange has stayed inaccessible since a November 9 security incident, and Arkham Intelligence data shows zero holdings across roughly 81,000 addresses tied to the platform. In its November 9 statement, Unocoin confirmed unauthorized access to its servers and temporarily switched off user logins while its security team investigated, saying no cryptocurrency funds had been lost. It gave no further detail on the breach, and Onchain Lens flagged the $0 portfolio figure as a question mark.

Regulators handed tZERO a green light. The CFTC approved its wholly owned subsidiary, tZERO DCM, LLC, as a designated contract market, according to the company's November 11 announcement. That follows the October 16 registration of tZERO DCO, LLC as a derivatives clearing organization, letting tZERO build trading and clearing through separate regulated entities and pitch the infrastructure to financial institutions. It comes as tZERO prepares to go public through a proposed $350 million merger.