US spot Bitcoin ETFs saw $643 million in net withdrawals on Friday, pushing October's net flows to a $515 million outflow, their first negative month since June, according to SoSoValue. The sell-off followed Binance's confirmation that hackers stole about $6.3 billion in crypto assets, and Bitcoin's drop to $77,000 the previous day. BlackRock's IBIT led Friday's outflows with $234 million, followed by Fidelity's FBTC with $201 million. OneKey's founder warned that IBIT could face similar security risks because it relies heavily on Coinbase to hold its Bitcoin, while Ether ETFs recorded a record $1.61 billion in October net outflows.
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/01/2026 | 78,354.00 |
| Change that session | +1.00% |
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/01/2026 | 712.69 |
| Change that session | +1.24% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/01/2026 | 2,275.31 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Hundreds of Millions of USD Withdrawn From Bitcoin, ETH ETFs After Binance Hack
U.S. spot Bitcoin, Ethereum and Solana ETFs recorded net outflows of nearly 790 million USD on October 30, as the crypto market came under pressure after a cyberattack led to the theft of about 6.3 billion USD in digital assets from Binance. Bitcoin ETFs alone saw 643 million USD withdrawn, concentrated in BlackRock's IBIT (233.7 million USD) and Fidelity's FBTC (201 million USD). According to Reuters, most of the assets were taken within about 20 minutes, while Binance said the incident involved a breach of its transaction approval system and that it would use company resources to cover losses. Bitcoin fell to 76,368 USD and Ethereum touched 2,178 USD before partially recovering. One expert said the bigger risk lies in liquidity disruption if Binance restricts deposits and withdrawals.
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U.S. spot Bitcoin ETFs saw $643.2 million in outflows on Friday, their biggest outflow of October and first full session after the roughly $6.4 billion Binance hack. Ethereum ETFs extended their outflow streak to five days, about $431 million, and Solana ETFs lost about $72 million over the week. Bitcoin fell about 4% on Friday, with more than $1.3 billion in leveraged positions liquidated, before steadying near $77,520 on Saturday. Binance pledged to cover all losses with company funds and an emergency reserve, while Tether and Circle froze more than $2.3 billion in stolen stablecoins. The article notes the drop was far smaller than the nearly 11% plunge after a failed attack on Binance in 2018.
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Glassnode says about 4 million BTC held by long-term holders were bought between $85,000 and $118,000, mostly in 2025, while Bitcoin trades near $81,400. The average price U.S. spot Bitcoin ETFs paid is $81,500 according to Glassnode, leaving ETF holders near break-even. Analysts say the $84,000–$85,000 band has turned prices back several times, and a rally toward that level could prompt long-term holders to sell to break even. The Fed held rates at 3.75% to 4.00% in a 10-2 vote, while the 10-year Treasury yield sat just under 5%. ETF inflows picked up to about $424 million from Monday to Wednesday, but Tim Sun of HashKey argues the core issue is insufficient new buying rather than panic selling.
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