Report: BNB ETFs saw $99 million in inflows in October, with 98.8% flowing in before the Binance hack.
According to SoSoValue data, the BNB Exchange Traded Fund (ETF) led inflows among spot cryptocurrency ETFs listed in the US in October, with the VanEck BNB ETF attracting $99 million. Approximately $97 million (98.8% of the monthly net total) of the fund's inflows occurred on October 2, weeks before Binance suffered a $6.3 billion hack on October 29. In contrast, Ethereum funds saw outflows of $1.61 billion, Bitcoin products $515 million, and Solana ETFs $144 million during the same period. The VanEck BNB ETF holds tokens through qualified custodians such as Anchorage Digital and BitGo, with custody arrangements independent of Binance.
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