Bitcoin ETF · Bitcoin · Blue Origin · Cointelegraph
Bitcoin ETFs sink into October outflows with $643 million exit after Binance hack
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◎ Multiple-sources
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.
Key facts
- BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with $234 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $201 million, according to Farside Investors data
- Investors also withdrew a net $156 million from US spot Ether (ETH) ETFs on Friday, bringing October’s net outflows to a record $1.61 billion
- US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows
- Investors pulled $643 million from US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, pushing October’s net flows into negative territory as crypto markets faced volatility following
Summary
Investors pulled $643 million from US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, pushing October’s net flows into negative territory as crypto markets faced volatility following Binance’s $6.3 billion hack. Friday’s withdrawals snapped four consecutive days of inflows, leaving the funds with $515 million in net outflows for October, their first negative month since June, according to SoSoValue. BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with $234 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $201 million, according to Farside Investors data. The withdrawals followed Bitcoin’s drop to $77,000 on Thursday.