Bitcoin ETF outflows hit $643M, led by BlackRock and Fidelity

What happened: Bitcoin ETFs saw $643 million in outflows on Friday after Binance's record hack, with BlackRock (BLK) recording a majority of the outflows. Key numbers: $643 million in Friday outflows; BlackRock 233.7 million net outflows; Fidelity 201; Arc B 129.5; week down 202 million; hack valued at $6 billion; Bitcoin fell 4 to 5 percent; Intel down 30 percent. Why it matters: The content frames the outflow as a reactive move to the hack, noting ETFs respond a day after market events, and says Bitcoin outperformed tech during the selloff.

Bitcoin ETFs saw $643 million in outflows on Friday after Binance's record hack, with BlackRock (BLK) recording a majority of the outflows.

The content frames the outflow as a reactive move to the hack, noting ETFs respond a day after market events, and says Bitcoin outperformed tech during the selloff.