COINTELEGRAPH · 2026-11-02 07:50 UTC

Bitcoin ETFs sink into October outflows with $643M exit after Binance hack

US spot Bitcoin ETFs saw $643 million in outflows on Friday, with BlackRock's IBIT losing $234 million and Fidelity's FBTC losing $201 million, following Bitcoin's drop to $77,000. October net flows for Bitcoin ETFs turned negative at $515 million after the Binance hack that stole $6.3 billion in crypto assets. Ether ETFs also saw $156 million in outflows Friday, bringing October's net outflows to a record $1.61 billion.

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