Spot Bitcoin ETFs lose $643M on Oct 30 after the Binance hack; at ~$77,200 that's ~8,300 BTC and ~1.5x the prior four days of inflows
US spot Bitcoin ETFs had $643 million of net outflows on Friday, a day after hackers drained about $6.3 billion from Binance.
At roughly $77,200 a coin that's about 8,300 BTC gone in one session. It erased the prior four days of inflows (~$441M) about 1.5 times over. ETF holders never had a coin on Binance. They sold anyway.
https://finance.yahoo.com/markets/crypto/articles/investors-pull-643-million-bitcoin-112943098.html
Sources: BTC.network: largest outflow since June 25; ended a four-day inflow streak of ~$441M; IBIT $233.70M, FBTC $201.04M · Crypto Briefing: spot Bitcoin ETFs shed $643M in a day as Ethereum funds lose $156M
Not financial advice. For informational and educational purposes only.
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