Bitcoin ETF investors pulled more than $1B after the Binance hack. Flows are the marginal bid in crypto now, and a redemption that size says it can flip fast. The tape will tell you if this is risk ma

What happened: Bitcoin ETF investors pulled more than $1 billion after the Binance hack, with net outflows over Friday and Monday. Key numbers: Net outflows reached $1.04 billion over Friday and Monday. BlackRock's iShares Bitcoin Trust accounted for $405 million of Monday's outflows. Why it matters: The outflows show investors reducing exposure to Bitcoin ETFs following the Binance hack, with BlackRock's fund carrying a large share of Monday's withdrawals. Coverage: 5 outlets in 24h

Bitcoin ETF investors pulled more than $1 billion after the Binance hack, with net outflows over Friday and Monday.

The outflows show investors reducing exposure to Bitcoin ETFs following the Binance hack, with BlackRock's fund carrying a large share of Monday's withdrawals.