Bitcoin and Ethereum ETFs See Significant Outflows Post-Binance Hack
On Friday, October 30, 2026, US-listed spot Bitcoin ETFs experienced net outflows of $643.3 million, marking the largest daily outflow since June 25 and erasing 63.6% of their year-to-date net inflows. Spot Ethereum ETFs also recorded weekly net outflows of $432 million, with $156 million on Friday. These outflows indicate a cautious institutional reaction to the Binance hack, with investors de-risking their positions.
US spot Bitcoin ETFs recorded $643.3 million in outflows on October 30, 2026.
This was the largest daily outflow since June 25, reducing year-to-date net inflows by 63.6%.
Spot Ethereum ETFs saw weekly net outflows of $432 million.
The outflows reflect a cautious institutional reaction to the Binance hack.
Story
Following the Binance hack on October 29, 2026, institutional investors showed a distinct reaction. On Friday, October 30, 2026, US-listed spot Bitcoin ETFs experienced net outflows of $643.3 million. This marked the largest daily outflow since June 25 and erased 63.6% of their year-to-date net inflows. BlackRock's IBIT saw $233.70 million in outflows, and Fidelity's FBTC had $201.4 million in outflows. The total assets under management for Bitcoin ETFs fell below $100 billion to $98.14 billion. Spot Ethereum ETFs also recorded significant weekly net outflows of $432 million, with $156 million on Friday. These substantial ETF outflows indicate a clear institutional reaction to the Binance hack, with traditional investors de-risking their positions. This suggests that while the crypto market itself showed resilience, the institutional segment reacted more cautiously to the security incident. The negative Coinbase premium also points to reduced buying pressure from US-based investors. The data on ETF outflows directly reflects institutional behavior. The overall market cap change of -3.63% over 24 hours, despite BTC and ETH spot price stability, could be influenced by these outflows. The Fear & Greed Index at 37 (Fear) also aligns with this cautious sentiment.
Issue context
Crypto markets have shown remarkable stability following the $6.3 billion Binance hack on October 29, 2026. Binance responded swiftly, restoring approximately 95% of stolen assets by November 1, 2026, including 100% backing for Bitcoin, Ethereum, Tether, BNB, and Zcash. This rapid response, supported by the use of its own reserves and the SAFU fund, along with industry collaboration to freeze about $3 billion in traceable assets, highlights the crypto sector's increasing maturity and resilience. While Bitcoin and Ethereum quickly recovered, institutional investors adopted a more cautious stance, reflected in significant outflows from US-listed spot Bitcoin and Ethereum ETFs. This suggests that the reaction to security incidents differs between regulated investment products and the broader crypto market.
Recent events demonstrate that even major platforms are vulnerable to security breaches, which, while quickly remedied, can still lead to significant capital movements. Holding your assets on centralized exchanges always carries a trust risk. At the same time, institutional products like ETFs react more sensitively to such news. Remain vigilant and carefully assess the risks of your exposures.
Market pulse
BTC
$78K
+0.3% 24h / -2.6% 7d
ETH
$2.3K
+0.61% 24h / -1.79% 7d
Fear & Greed
37
Fear
BTC Funding
+0.0057%
20 perp markets · Open Interest $53B
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.