By Isaac • November 1, 2026 3:11 pm •
Institutional Bitcoin demand hit a hard speed bump after the record Binance breach.
U.S. spot Bitcoin exchange-traded funds recorded $643.2 million in net outflows on Friday, their biggest one-day withdrawal of October and the first full trading session after attackers began draining roughly $6.4 billion from Binance.
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That matters because the ETF market has become one of the cleanest daily measures of large-investor appetite for Bitcoin. The funds package direct exposure inside ordinary brokerage accounts, and a large share of the money comes from institutions and financial advisers rather than short-term exchange traders.
Decrypt reported that the Friday reversal erased a four-day, $441 million inflow run. Bitcoin funds finished the week down roughly $202 million and
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