U.S. spot Bitcoin ETFs lose $643 million in a day after Binance hack
On October 30, U.S.-listed spot Bitcoin exchange‑traded funds recorded a net outflow of $643.3 million, the largest single‑day withdrawal since June 25. The outflows were led by BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. The move followed a $6.3 billion hack of Binance and erased about 63.6% of the year‑to‑date net inflows. Assets under management for the ETFs fell below $100 billion to $98.14 billion.
Why it matters
The sharp outflow reduces the total assets under management of spot Bitcoin ETFs, potentially limiting liquidity and signaling weakening institutional demand. Investors may see heightened volatility in Bitcoin‑linked products as market sentiment turns negative.
Key facts
- 1U.S. spot Bitcoin ETFs posted a net outflow of $643.3 million on October 30. coindesk.com
- 2BlackRock’s iShares Bitcoin Trust (IBIT) lost $233.7 million, the largest single‑issuer outflow. en.bloomingbit.io
- 3Fidelity’s Wise Origin Bitcoin Fund (FBTC) shed $201.4 million. en.bloomingbit.io
- 4Total assets under management for spot Bitcoin ETFs fell to $98.14 billion. en.bloomingbit.io
- 5The $643.3 million outflow erased 63.6% of the cumulative net inflows for 2026. coindesk.com
- 6The outflows occurred the day after Binance reported a $6.3 billion hack. coindesk.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.