Bitcoin ETFs shed $643 million following Binance breach
US spot Bitcoin exchange-traded funds suffered net withdrawals of $643.2 million on Friday, October 30, as investors reduced cryptocurrency exposure following a massive security breach at Binance, intensifying pressure on digital asset markets. The withdrawals marked the largest daily outflow for Bitcoin ETFs during October and reversed four consecutive trading sessions of inflows. The selling…
US spot Bitcoin ETFs saw a $643 million outflow in October, marking the first negative month since June, after Binance's $6.3 billion crypto hack. The net withdrawals totaled $515 million, following a four-day period of inflows. BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the outflows, with $234 million and $201 million respectively.
Ether funds experienced record outflows of $1.61 billion, wiping out their net inflows for 2026, leaving them with $45 million in net outflows for the year.
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