Bitcoin ETF Investors Head for the Exits After Record Binance Hack

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U.S. spot Bitcoin ETFs recorded $643.2 million in outflows on Friday, their largest single-day outflow in October, following the $6.4 billion hack of Binance. The withdrawals erased $441 million in inflows over four days and left the funds down about $202 million for the week. Ethereum ETFs lost $155.7 million on Friday, extending their outflow streak to about $431 million, while Solana ETFs shed $10.8 million on Friday and $72 million over the week. Bitcoin fell about 4% on Friday before steadying near $77,520 on Saturday, while Binance pledged to cover all losses and Tether and Circle froze more than $2.3 billion in stolen stablecoins.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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