Bitcoin ETFs Shed $643M as Four-Day Inflow Streak Ends
Edited by Steinar Vigdel Kolnes, Editor, Oslo
U.S. crypto ETFs saw sharp redemptions Friday as the reported Binance hack fueled renewed caution across digital asset markets.
Spot bitcoin ETFs recorded $643.33 million in net outflows on Friday, ending four consecutive sessions of positive flows, according to Bitcoin.com News.
The large withdrawal was enough to turn aggregate flows for the week negative. Products from BlackRock and Fidelity were among those contributing to the bitcoin ETF selloff.
Ether and solana investment products also experienced sizable redemptions as investors reduced crypto exposure following reports of a Binance hack.
The reversal highlights renewed risk aversion in crypto markets after several days of steady demand for bitcoin ETFs.
Source: Bitcoin.com News
