Spot bitcoin ETFs post biggest outflows in four months
BROBROK News · Based on reporting by The Block ·
US spot bitcoin ETFs recorded $643 million in net outflows on Friday, their largest one-day withdrawal since June 25. The move followed Thursday's Binance hack, according to the available summary.
Key points
- Net outflows totaled $643 million in one day.
- It was the largest daily outflow in about four months.
- The move came after Thursday's Binance hack.
- The story concerns US spot bitcoin ETFs.
Why it matters
ETF flows can quickly reflect shifts in sentiment around BTC. Security incidents at major exchanges can also ripple into bitcoin-linked products.
Original headline: “Spot bitcoin ETFs see largest daily outflows in four months following record Binance hack”
Read the original on The Block
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.