Bitcoin ETFs recorded $643.2 million in outflows on Friday, the first full trading session after a $6.4 billion Binance hack. The products ended October with roughly $516 million in net outflows. Traders will read the exodus as evidence that the exchange breach has dented institutional appetite for spot BTC exposure.
Binance suffered a $6.4 billion hack, the largest in crypto history, according to the report.
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