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Bitcoin ETFs Lose $643 million After Binance Hack Ends 4-Day Inflow Run

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◎ Multiple-sources

One-day outflow wipes out the entire week’s gains for bitcoin ETFs. Source: Sosovalue.

Bitcoin ETFs suffered $643.33 million in net outflows Friday, wiping out four consecutive days of inflows and pushing the week into negative territory.

Key facts

Summary

Bitcoin exchange-traded funds (ETFs) lost $643.33M on Friday, erasing four days of inflows and turning the week negative. Ether lost $155.85M, and solana lost $10.74M as the Binance breach deepened crypto risk aversion. Bitcoin ETFs had gathered $440.73 million from Monday through Thursday. The selling was broad.

#Bitcoin #Bitcoin ETF