Bitcoin spot ETF products see large outflows following Thursday’s Binance hack, with multiple outlets reporting about $643 million leaving US spot bitcoin ETFs on the first full trading day after the incident. Decrypt and the other crypto-focused outlets tie the timing directly to the “record” Binance hack, describing the ETF outflows as the largest daily withdrawals in recent months.
Across sources, October’s broader picture also skews negative. Cointelegraph reports that US spot Bitcoin ETFs end October with about $515 million in net withdrawals, while Ether funds post record monthly outflows. Decrypt similarly frames October as ending around $516 million in net outflows, while CoinDesk and The Block emphasise the size and recency of the biggest single-day outflow since late June.
The outlets generally agree on the key figures and the sequence: Binance hack first, then the biggest ETF outflows soon after, and October closing with net withdrawals for bitcoin ETFs. Differences are mainly in whether they foreground the single-day outflow, the month-end totals, or the inclusion of ether performance.
