Bitcoin ETFs sink into October outflows with $643M exit after Binance hack
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.
BlackRock's IBIT and Fidelity's FBTC led a $643.3 million US spot bitcoin ETF outflow on October 30, one day after a $6.3 billion hack hit Binance.
A BTCPay Server hack has raised fresh security concerns after the Bitcoin payment platform received reports of attackers withdrawing funds from merchants’ hot wallets. On November 1, the open-source project issued an emergency warning, asking operators to temporarily shut down their payment servers while its team investigated the incidents.
November 2, 2026, 8:26 amBinance has begun reopening withdrawals in phases starting with bitcoin following the largest crypto theft ever recorded.
November 2, 2026, 8:01 amUS spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.
The first trading day after the Binance hack saw the biggest ETF outflow since June 25.
The incident highlights the immutable transparency of blockchain, where stolen assets remain visible yet untouchable, affecting user trust.
The 19 wallets holding 18,270 stolen BTC have taken in nothing since Thursday except payments worth under a dollar, each carrying a message, from pleas to laundering pitches to a token shill.
Bitcoin sits 39% below its high and meme coins up to 99%, while the S&P 500 trails its record by 3%.
ZEC led the majors and oil slid on a report that Trump wants to give Iran diplomacy more time, with U.S.
The open-source project says it is still investigating and hasn't given a loss figure or announced a fix.
US spot bitcoin ETFs shed $643 million on Friday, marking their largest single-day outflow since June 25, following Thursday's Binance's hack.
The significant outflows from Ethereum ETFs suggest a waning investor interest, potentially impacting future market dynamics and asset preferences.