Bitcoin ETF · Bitcoin · Ethereum · Decrypt
The first real test of how ETF investors would react to the largest crypto hack in history came back red
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U.S. spot Bitcoin ETFs shed $643.2 million on Friday, ’s ETF tracker, their biggest single-day outflow of October.
Key facts
- The selling erased a four-day, $441 million inflow run, leaving the funds down about $202 million for the week and roughly $516 million for October
- Ethereum funds lost $155.7 million on Friday, extending a five-day outflow streak to about $431 million and pushing October losses to roughly $1.61 billion
- Bitcoin fell about 4% to roughly $76,400 on Friday, and more than $1.3 billion in leveraged positions were liquidated
- Ethereum traded near $2,251, down 3.9% for the week, and Solana near $96, down 4.5%
Summary
U.S. spot Bitcoin ETFs shed $643.2 million on Friday, their biggest outflow of October, in the first session after Thursday’s $6.4 billion Binance hack. Ethereum ETFs extended a five-day outflow streak to about $431 million, and Solana ETFs lost about $72 million over the week. Bitcoin fell about 4% Friday before steadying near $77,520 Saturday, while Myriad traders turned bearish on Ethereum and Solana. The first real test of how ETF investors would react to the largest crypto hack in history came back red.