Bitcoin ETFs add $17.2M on Binance hack day as ether funds lose $105.5M
US spot Bitcoin ETFs drew a net $17.2 million on Oct. 29 as the Binance hack hit prices, while spot Ethereum ETFs shed $105.5 million, Farside data show.
ETFS & INSTITUTIONSBITCOINNEWS
Daniel Hartley
10/30/20261 min read
US spot Bitcoin exchange-traded funds recorded net inflows of $17.2 million on Thursday, Oct. 29, the day Binance disclosed a hack of about $6.3 billion, while spot Ethereum funds lost $105.5 million, according to Farside Investors data reported by FinanceFeeds.
BlackRock's IBIT led bitcoin products with $12.8 million, followed by Fidelity's FBTC with $10.5 million, Bitwise's BITB with $8.8 million and Morgan Stanley's MSBT with $4.2 million. Grayscale's Bitcoin Mini Trust saw $15.3 million leave and WisdomTree's BTCW lost $3.8 million. ARKB, GBTC and several smaller funds reported no flows.
The small net figure kept a short buying streak intact. Bitcoin ETFs had taken in $176 million on Oct. 27 and $137.3 million on Oct. 28, with IBIT accounting for almost all of Wednesday's demand, according to Farside figures compiled by Bitcoin News Digest.
Ether and Solana funds bleed
Ether products fared worse. BlackRock's ETHA lost $71.7 million and its ETHB a further $15.6 million, while Grayscale's ETHE shed $15.5 million and its mini trust $5.6 million. Fidelity's FETH was the only ether fund with inflows, at $2.9 million. Solana funds posted $27.7 million in net redemptions, led by Bitwise's BSOL at $23.7 million. Across the three groups, net outflows totalled about $116 million.
The flows came against a volatile backdrop. Bitcoin briefly dropped below $77,000 after the Binance breach, and leveraged liquidations reached about $1.54 billion over 24 hours, according to CoinGlass data cited by crypto.news. A day earlier, the Federal Reserve left its policy rate at 3.75% to 4%.
The split suggests bitcoin ETF holders largely sat tight through the exchange shock, while ether allocators extended their October retreat. Friday's figures, along with the expiry of roughly $10.8 billion in bitcoin options on Deribit, will show whether the hack changes that pattern.
Source: Farside Investors, FinanceFeeds, Bitcoin News Digest, crypto.news, CoinGlass