Investors Withdraw $643 Million From U.S. Spot Bitcoin ETFs Following the Largest Crypto Hack

On October 30, investors pulled $643.33 million from U.S. spot Bitcoin ETFs, ending a four‑day run of inflows. The outflow followed the overnight theft of about $6.3 billion from Binance, the world’s largest crypto exchange, by a North Korean hacking unit linked to TraderTraitor. BlackRock’s iShares Bitcoin Trust (IBIT) lost roughly $234 million, the largest single exit, with Fidelity and Ark Invest funds also experiencing significant withdrawals. The total assets under management in these ETFs stood at $98.14 billion. The Binance hack, the biggest in crypto history, involved moving funds across ten blockchains in about 20 minutes, and Binance has since suspended deposits and withdrawals while confirming user funds are safe. The outflow represents about 0.7 % of ETF assets and mirrors a similar $635 million exit on October 22. Bitcoin’s price was $77,189 on the day of the outflow, down 1.7 % in 24 hours, and the month’s cumulative decline was 7.3 %.