ETF Flows Update (10 November 2026)

Flashbots' market share could actually rise passively amid these outflows, as on-chain congestion eases and searchers' marginal gains from competition shrink. But the lack of flows for HYPE and ZEC does remind me that the long-term value capture of MEV tokens can sometimes decouple from mainnet TVL, which is quite counterintuitive.

The sequencer is actually quite passive in this kind of one-way flow of funds, unless you can read the arrival order of redemption instructions in advance—kind of like a crystal ball covered in dust: you can see the outline but not who’s pressing the confirm button. But the real problem is that the main text doesn’t mention the risk of large-redemption matching paths being reordered among other MEV opportunities.