Bitcoin ETFs See $643M Outflow After Binance Hack
Bitcoin ETFs saw $643 million leave on Friday, the first trading day after the Binance hack. It was the largest ETF outflow since June 25, and Bitcoin's 2026 gains are now barely positive. Traders may read this as a sign that investors are cautious after the hack.
Why it matters
- Investors pulled $643 million from Bitcoin ETFs on Friday, a sign of caution.
- The outflow was the biggest ETF outflow since June 25 and came right after the Binance hack.
- Bitcoin's year-to-date gain is barely positive, so this pullback weighs on sentiment.
What to watch next
Watch whether Bitcoin ETF flows turn positive again in the days after the Binance hack and how Binance responds.
