U.S. spot Bitcoin exchange-traded funds snapped a four-session inflow streak with $409.5 million in net outflows on October 30, the first full trading day after the Binance hot-wallet breach,
Summary
- spot Bitcoin exchange-traded funds snapped a four-session inflow streak with $409.5 million in net outflows on October 30, the first full trading day after the Binance hot-wallet breach, Hero article visual / chart / editorial image CryptoCompass editorial visual for bitcoin coverage.
- spot Bitcoin exchange-traded funds snapped a four-session inflow streak with $409.5 million in net outflows on October 30, the first full trading day after the Binance hot-wallet breach, according to Farside Investors data .
- The pull was not evenly spread: Fidelity’s FBTC shed $201.0 million and Ark’s ARKB shed $129.5 million, while BlackRock’s IBIT, the fund that carried nearly all of the prior four days of buying, had not yet reported a figure for the session.
- The result is a market that pulled money out of Bitcoin funds after the largest theft in crypto history, but did so in a narrower, less panic-driven way than the headline number suggests.
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