Bitcoin ETFs Lose $643M After Binance Hack Ends 4-Day Inflow Run

Bitcoin ETFs suffered $643.33 million in net outflows Friday, wiping out four consecutive days of inflows and pushing the week into negative territory. Ether and solana also faced heavy redemptions as the Binance hack triggered a fresh bout of risk aversion across crypto markets. Bitcoin ETFs had gathered $440.73 million from Monday through Thursday. Friday’s $643.33 million withdrawal erased that cushion and left the week roughly $202.6 million in the red. The selling was broad. Blackrock’s IBIT lost $233.70 million, Fidelity’s FBTC shed $201.04 million, and Ark & 21Shares’ ARKB recorded a $129.55 million exit.

Source: Bitcoin.com News