US spot Bitcoin ETFs recorded more than $1 billion in net outflows over three trading days, including $116 million on Tuesday, bringing the total since Friday to $1.16 billion. Bitwise’s head of research André Dragosch attributed the withdrawals to a short-term risk-off environment rather than a structural shift, noting that 15 institutions surveyed had not reduced their exposure during the bear market. He said the outflows followed Binance’s $6.3 billion hack, which raised concerns about investor confidence, but that institutional funds held at Coinbase custody are kept in cold storage, unlike the hot wallets affected at Binance. Outflows slowed from $399 million on Monday and $643 million on Friday, and the Crypto Fear & Greed Index rose to 34 from 26 but stayed in the “Fear” category, while Bitcoin gained about 1.6% to near $78,000.
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/03/2026 | 77,453.86 |
| Change that session | +0.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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