Record Binance hack triggered Bitcoin ETF investor exits.
Context
What happened: U.S. spot Bitcoin ETFs saw $643.2 million in outflows on Friday, their first full session after a $6.4 billion hack at Binance. Ethereum and Solana ETFs also posted outflows.
Key numbers: Bitcoin ETFs lost $643.2 million Friday, their biggest October outflow, ending a four-day $441 million inflow run. Ethereum ETFs lost $155.7 million Friday, extending a five-day streak to about $431 million.
Why it matters: The outflows show ETF investors selling after the largest crypto hack in history, and Myriad traders turned bearish on Ethereum and Solana.
Coverage: 6 outlets in 24h