BNB ETFs led October inflows before Binance's record hack
BNB exchange-traded funds attracted the most money in October among tracked US-listed spot crypto ETFs, according to SoSoValue. Most of that money arrived weeks before Binance suffered a record cryptocurrency hack. The timing may matter for traders weighing BNB's recent demand against the fallout from the attack.
Why it matters
- The VanEck BNB ETF drew $99 million in October, ahead of NEAR and XRP funds.
- Most of the BNB inflows came weeks before the Binance hack, so the attack may not explain them.
- The record $6.3 billion hack is a risk factor traders should weigh alongside strong ETF demand.
What to watch next
Watch whether BNB ETF flows slow or turn negative in the weeks after the Binance hack.
