Bitcoin ETFs sink into October outflows with $643M exit after Binance hack
Summary
US spot Bitcoin ETFs saw $643 million in net outflows on Friday, ending four days of inflows and leaving October down $515 million, the first negative month since June. BlackRock’s IBIT led withdrawals with $234 million, followed by Fidelity’s FBTC at $201 million. The outflows came after Bitcoin fell to $77,000 and reports of a $6.3 billion Binance hack. US spot Ether ETFs lost $156 million Friday, taking October outflows to a record $1.61 billion and leaving year-to-date flows slightly negative.
