Bitcoin ETFs sink into October outflows with $643M exit after Binance hack
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.
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.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
