BNB’s $99 million ETF inflows came almost entirely before Binance’s hack
VanEck’s US-listed BNB ETF recorded $99 million in October inflows, the strongest among the spot crypto ETFs tracked, but nearly all arrived on Oct. 2—weeks before Binance disclosed a $6.3 billion hot-wallet theft on Oct. 29. The fund’s assets later fell from $98 million to $92 million, though BNB price changes mean this cannot be attributed solely to redemptions. Binance said it would cover losses, had frozen about $3 billion and replenished roughly 95% of affected assets by Nov. 1, while phased withdrawals resumed. Bitcoin spot ETFs ended October with $515 million in net outflows after losing about $643 million on Oct. 30; Ether funds saw a record $1.61 billion in monthly withdrawals. The breach coincided with market weakness, but the reporting cautions that ETF selling cannot all be directly attributed to the incident.
