Bitcoin ETFs post large outflows after Binance hack
BROBROK News · Based on reporting by Decrypt ·
U.S. spot Bitcoin ETFs saw $643.2 million in outflows on Friday, their first full trading session after the $6.4 billion Binance hack. Ethereum and Solana ETFs also saw continued redemptions as crypto markets reacted to the shock.
Key points
- Bitcoin ETFs recorded their biggest outflow of October.
- Ethereum ETFs extended a five-day streak of outflows.
- Solana ETFs posted a fifth straight day of outflows.
- Bitcoin fell about 4% on Friday before stabilizing over the weekend.
- The hack triggered liquidations and weighed on market sentiment.
Why it matters
ETF flow data is a closely watched signal for institutional demand in crypto. The post-hack pullback shows how quickly risk appetite can fade after a major security event.
Original headline: “Bitcoin ETF Investors Head for the Exits After Record Binance Hack”
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.