In brief – U.S. spot Bitcoin ETFs shed $643.2 million on Friday, their biggest outflow of October, in the first session after Thursday’s $6.4 billion Binance hack. – Ethereum ETFs extended a five-day outflow streak to about $431 million, and Solana ETFs lost about $72 million…
er the week. – Bitcoin fell about 4% Friday before steadying near $77,520 Saturday, while Myriad traders turned bearish on Ethereum and Solana. The first real test of how ETF investors would react to the largest crypto hack in history came back red
U.S. spot Bitcoin ETFs shed $643.2 million on Friday, according to Decrypt’s ETF tracker, their biggest single-day outflow of October. It was the funds’ first full session since attackers began draining roughly $6.4 billion from Binance at 4:05 p.m. ET Thursday, after U.S. markets had closed.
Thursday’s $17.2 million in inflows predated the theft. The selling erased a four-day, $441 million inflow run, leaving the funds down about $202 million for the week and roughly $516 million for October. Cumulative net inflows since launch slipped to $57.4 billion, with total net assets at $103.2 billion.