Bitcoin and Ethereum ETFs see $643 million outflows on Oct. 30 amid Binance hack concerns
On October 30, U.S. spot Bitcoin ETFs recorded a net outflow of $643.33 million, the largest single‑day withdrawal since June. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the redemptions with $233.70 million and $201.04 million respectively. Ethereum spot ETFs also lost roughly $156 million, extending a multi‑day outflow streak. The sell‑off coincided with the night‑time Binance security breach, which heightened risk aversion across crypto products.
Why it matters
The outflows pushed total Bitcoin‑ETF assets under management below $100 billion, to $98.14 billion, potentially increasing supply pressure on Bitcoin prices. Ethereum‑ETF assets fell to $13.22 billion, reflecting broader market caution that could affect Ethereum’s liquidity and price dynamics.
Key facts
- 1Bitcoin ETFs recorded $643.33 million in net outflows on October 30, the largest daily withdrawal since June. cryptorank.io
- 2BlackRock’s iShares Bitcoin Trust (IBIT) saw $233.70 million of outflows. cointribune.com
- 3Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $201.04 million. cointribune.com
- 4U.S. spot Ethereum ETFs withdrew $155.85 million on the same day. cointribune.com
- 5Total net assets of Bitcoin ETFs fell to $98.14 billion. 247wallst.com
- 6The $643.33 million outflow represents about 0.66 % of the $98.14 billion assets under management. cointribune.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.