Bitcoin ETF Investors Head for the Exits After Record Binance Hack
Summary
Following the recent major security breach at Binance, spot Bitcoin exchange-traded funds experienced substantial capital withdrawals at the end of October. Investors removed over six hundred million dollars from these products during Friday's trading session, concluding the month with negative net flows overall.
Bitcoin ETFs saw $643.2 million in outflows Friday, the first full trading session after the $6.4 billion Binance hack, ending October with roughly $516 million in net outflows.
Source: Read the full story at Decrypt
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