Bitcoin ETFs Shed US$643 Million Amid Binance Hack Fallout

US spot Bitcoin ETF investors ran for the exits last Friday following the largest-ever recorded crypto exchange hack . It marked the largest single-day outflow from US spot Bitcoin ETFs in more than four months. Friday’s US$643.2 million (AU$916.3 million) in net outflows followed a similarly large US$635.6 million (AU$905.4 million) outflow on 22 October. Several major funds recorded outflows, with BlackRock’s IBIT leading with US$233.7 million (AU$332.9 million). This reversed the US$440.8 million (AU$627.8 million) in net inflows recorded from Monday to Thursday.