Table of contents 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...
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, 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.
- The four sessions before the breach, October 26 through 29, had drawn $440.8 million into the funds, almost all of it into IBIT.
Automatic summary based on the original source. Content rights belong to the publisher. Centro Blockchain is not responsible for opinions published by third parties.
