Spot Bitcoin funds recorded $1.28 billion in net outflows during the first full week after the major Binance hack, their worst performance since the last week of June. Investors withdrew $640 million on the final trading day of October, followed by $400 million on November 2 and $115.56 million on US midterm election day. After $74.57 million flowed in on Wednesday, renewed withdrawals of $430 million and $412 million accompanied Bitcoin’s fall below $75,000. Ethereum funds saw net outflows of $365 million for the week, marking their sixth consecutive negative week and reducing cumulative net inflows from $13.94 billion to $11.92 billion. Ethereum’s price fell below $2,250, posting a 10% monthly decline.
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