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Crypto fund outflows follow Binance hack

Technology · First reported 1 Nov, 16:01 · Updated 16:16

Image: Wikimedia Commons · NASA Earth Observatory image by Lauren Dauphin, using Landsat data from the U.S. Geological Survey. Story by Adam Voiland. · Public domain

U.S. spot Bitcoin ETFs recorded $643.2 million in outflows in their first full trading session after the Binance hack, while Ethereum and Solana funds also saw withdrawals. The Times headline reports $4.5 billion in investor withdrawals and says North Korea was blamed for the heist.

  • Bitcoin ETFs lost $643.2 million on Friday, their largest single-day outflow of October, in the first full session after the reported Binance hack.
  • Ethereum ETFs recorded $155.7 million in Friday outflows, extending a five-day outflow streak; Solana ETFs lost $10.8 million that day and about $72 million over the week.
  • The Times headline says investors pulled out $4.5 billion after the attack and reports that North Korea was blamed for a $6.3 billion heist.
Summary written by Lux AI from 2 articles

Key facts

Bitcoin ETF outflows
$643.2 million on Friday, the largest single-day outflow of October, according to Decrypt.
Ethereum ETF outflows
$155.7 million on Friday; about $431 million over a five-day outflow streak.
Solana ETF outflows
$10.8 million on Friday; about $72 million for the week.
Hack amount reported
Decrypt reports roughly $6.4 billion; The Times snippet says $6.3 billion.
The Times’ reported investor withdrawals
$4.5 billion after the attack.

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