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Investors pulled $643 million from US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, pushing October’s net flows into negative territory as crypto markets faced volatility following Binance’s $6.3 billion hack.
Friday’s withdrawals snapped four consecutive days of inflows, leaving the funds with $515 million in net outflows for October, their first negative month since June, <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">according</a> to SoSoValue. The funds still attracted approximately $361 million in net inflows for the year through October.
BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with $234 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $201 million, <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow">according</a> to Farside Investors data.
The withdrawals followed Bitcoin’s <a href="https://www.coingecko.com/en/coins/bitcoin?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">drop</a> to $77,000 on Thursday. Binance, the world’s largest crypto exchange by trading volume, confirmed Friday that hackers had <a href="https://ct.com/news/binance-linked-wallet-faces-possible-exploit-blockchain-researcher-warns" rel="noopener noreferrer nofollow">stolen about $6.3 billion in crypto assets</a>.
Hardware wallet maker OneKey’s founder and CEO, Yishi, <a href="https://x.com/ohyishi/status/2116043031896072472" rel="noopener noreferrer nofollow">warned</a> on X Friday that IBIT could face similar security threats because it relies heavily on Coinbase to hold its Bitcoin.
Investors also withdrew a net $156 million from US spot Ether (ETH) ETFs on Friday, bringing October’s net outflows to a record $1.61 billion. The previous monthly high was $1.42 billion in November 2025.
October’s withdrawals also erased the Ether funds’ net inflows for 2026, leaving them with roughly $45 million in net outflows for the year.
Related: <a href="https://ct.com/markets/bitcoin-risks-worst-october-in-12-years-as-tech-sell-off-spreads-to-gold" rel="noopener noreferrer nofollow">Bitcoin risks worst October in 12 years as tech sell-off spreads to gold</a>

Bitcoin ETFs sink into October outflows with $643M exit after Binance hack

Cointelegraph

Other articles published on Nov 2, 2026

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