Bitcoin ETFs Lose $643M After Binance Hack Ends 4-Day Inflow Run
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Bitcoin ETFs posted $643.33 million in net outflows Friday, ending a four-day inflow streak and pushing the week into negative territory as the Binance hack triggered a fresh bout of risk aversion across crypto markets. BlackRock and Fidelity led the selloff among spot bitcoin ETF issuers, while ether and solana products also saw heavy redemptions. The outflows underscore how sensitive ETF flows remain to exchange security incidents, with institutional investors quick to de-risk after the hack. Watch for whether flows stabilize early next week and whether the Binance incident prompts further redemptions across ether and solana ETF products.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), Binance, BlackRock (BLK), Fidelity, Solana (SOL), Ether (ETH)
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