$BTC : Bitcoin ETF Outflows Hit 4-Month High as Ethereum Funds Stay in the Red
-
During the first full week after the major Binance hack, which coincided with the US midterm elections, the spot Bitcoin ETFs recorded their largest net outflows since late June.
• BTC ETFs Bleed $1.28B As CryptoPotato reported last weekend, the last trading day of October turned the entire month around.
• With over $640 million being withdrawn from the Bitcoin ETFs at the time, a major outflow that followed the aforementioned Binance hack, the funds closed the month with $515 million in the red.
• This was the first such instance since June, when the financial products bled out $4.51 billion.
• As the actual impact of the hack unraveled, investors pulled out another $400 million on November 2 (Monday), and $115.56 million on Tuesday (midterm election day).
-
© CryptoPotato
-
During the first full week after the major Binance hack, which coincided with the US midterm elections, the spot Bitcoin ETFs recorded their largest net outflows since late June.
• BTC ETFs Bleed $1.28B As CryptoPotato reported last weekend, the last trading day of October turned the entire month around.
• With over $640 million being withdrawn from the Bitcoin ETFs at the time, a major outflow that followed the aforementioned Binance hack, the funds closed the month with $515 million in the red.
• This was the first such instance since June, when the financial products bled out $4.51 billion.
• As the actual impact of the hack unraveled, investors pulled out another $400 million on November 2 (Monday), and $115.56 million on Tuesday (midterm election day).
-
© CryptoPotato
