🚨 BREAKING NEWS: Bitcoin ETFs sink into October outflows with $643M exit after Binance hack
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.
Investors pulled $643 million from US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, pushing October’s net flows into negative territory as crypto markets faced volatility following Binance’s $6.3 billion hack.
Friday’s withdrawals snapped four consecutive days of inflows, leaving the funds with $515 million in net outflows for October, their first negative month since June,accordingto SoSoValue. The funds still attracted approximately $361 million in net inflows for the year through October.
BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with $234 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $201 million,accordingto Farside Investors data.
🔗 [READ FULL HERE](https://cointelegraph.com/markets/bitcoin-etfs-october-red-binance-hack-outflows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
📰 Nguồn: 🪙 CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.
Investors pulled $643 million from US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, pushing October’s net flows into negative territory as crypto markets faced volatility following Binance’s $6.3 billion hack.
Friday’s withdrawals snapped four consecutive days of inflows, leaving the funds with $515 million in net outflows for October, their first negative month since June,accordingto SoSoValue. The funds still attracted approximately $361 million in net inflows for the year through October.
BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with $234 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $201 million,accordingto Farside Investors data.
🔗 [READ FULL HERE](https://cointelegraph.com/markets/bitcoin-etfs-october-red-binance-hack-outflows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
📰 Nguồn: 🪙 CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
