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Bitcoin ETFs lose $643M after Binance hack

Bitcoin ETFs recorded $643.33 million in net outflows on Friday, more than erasing $440.73 million in inflows from Monday through Thursday and leaving the week about $202.6 million in the red. Trading value reached $6.35 billion, and net assets fell to $98.14 billion.

Ether ETFs lost $155.85 million on Friday, their fifth straight daily outflow, while solana ETFs lost $10.74 million. The report says a Binance security breach occurred after Thursday’s U.S. ETF session, making Friday the first full session in which investors could react. But ETF flow data do not show why individual investors sold.

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