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Bitcoin ETFs experienced massive outflows of $643.2 million on Friday following a record hack on Binance.
Bitcoin ETFs experienced massive outflows on Friday, totaling $643.2 million, following a record-breaking hack on Binance. According to Decrypt's ETF tracker, US spot Bitcoin ETFs saw $643.2 million in outflows on Friday—the first full trading day after the $6.4 billion Binance hack—marking the largest single-day outflow in October and bringing the total net outflow for the month to approximately $516 million. Ethereum and Solana ETFs also saw outflows, with Ethereum funds losing $155.7 million and Solana ETFs losing $10.8 million on Friday.
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