Bitcoin ETFs draw $440.8m as Binance hack rattles market

U.S. spot Bitcoin ETFs have attracted $440.8 million over four consecutive trading sessions through Oct. 29, with BlackRock taking most of the inflows before Friday’s sell-off following Binance’s $6.3 billion hack. BlackRock’s IBIT accounted for $410.6 million of the four-session total, leading other U.S. Bitcoin funds. Thursday’s net inflows slowed to $17.2 million as withdrawals from two products offset purchases elsewhere. The four-day intake recovered approximately 57% of the money withdrawn during the previous two losing sessions. The reporting period ended Oct. 29, leaving Friday’s response to the Binance breach outside the total.

Source: crypto.news