Bitcoin ETF · Bitcoin · Ethereum · The Block
U.S. spot bitcoin Bitcoin BTC +1.17% exchange-traded funds recorded their largest daily net outflows in four months on Friday
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
According to SoSoValue data, spot bitcoin ETFs saw $643.3 million in net outflows on Friday, marking their largest single-day outflow since June 25.
Key facts
- Spot Ethereum Ethereum ETH +1.79% ETFs saw $155.9 million in net outflows on Friday, their largest since Oct. 7
- Bitcoin rose 1% over the past 24 hours to trade at $78,491 as of 11:20 p.m
- In scale, the $643 million outflow is still under 1% of spot BTC ETF assets so this was simply a de-risking day, and not capitulation or a loss in institutional confidence," said Maeda
- According to SoSoValue data, spot bitcoin ETFs saw $643.3 million in net outflows on Friday, marking their largest single-day outflow since June 25
Summary
U.S. spot bitcoin Bitcoin BTC +1.17% exchange-traded funds recorded their largest daily net outflows in four months on Friday, following Thursday's $6.3 billion hack at Binance. Spot Ethereum Ethereum ETH +1.79% ETFs saw $155.9 million in net outflows on Friday, their largest since Oct. 7. The ETF outflows came after Binance was hit by the largest crypto hack to date. The crypto exchange said it recorded roughly $3.64 billion in net outflows in the first nine and a half hours after it began restoring withdrawals on Sunday.