{"id":"1793570015886-money-segment","slug":"bitcoin-etfs-bleed-after-binance-hack","title":"Bitcoin ETFs bleed after Binance hack","summary":"U.S. spot Bitcoin ETFs lost $643.2 million on October 30, the largest daily outflow since June, erasing four days of inflows and leaving the week $202.4 million in the red. Ethereum ETFs lost another $156 million the same day.\n\nThe withdrawals came one day after hackers drained about $6.36 billion from Binance, the largest crypto exchange. Analytics firm TRM linked the theft to TraderTraitor, a North Korean hacking unit. The security breach spooked investors, prompting redemptions from the funds.\n\nU.S. spot Bitcoin ETFs recorded $643.2 million in net outflows on October 30, their largest daily exit since June, snapping a four-day inflow streak.\n\nCrypto-wide liquidations were about $1.53 billion in 24 hours, and Bitcoin ETFs lost $643 million on October 30. The \"$1.6B\" figure is a rounded version of the reported $1.53 billion.\n\nThe $643M Bitcoin ETF outflow and the Binance breach are real, but the \"$427M in leveraged positions liquidated\" figure conflicts with the reported $1.53 billion in crypto-wide liquidations. The BTC $76K–$77K support zone claim could not be confirmed from available sources.\n\nEarlier in the week, Bitcoin ETFs had four straight days of inflows while Ethereum ETFs posted a fifth straight day of outflows, so demand did diverge. However, on October 30 both categories saw outflows.","publishedAt":"2026-11-01T21:53:35.886Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Closing Bell","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: U.S. spot Bitcoin ETFs recorded $643.2 million in net outflows on October 30, their largest daily exit since June, snapping a four-day inflow streak.\nSource: Farside Investors via crypto.news NAMES: none (https://x.com/Piypiy_memecoin/status/2116576947509891513)\n\nTRUE: Crypto-wide liquidations were about $1.53 billion in 24 hours, and Bitcoin ETFs lost $643 million on October 30. The \"$1.6B\" figure is a rounded version of the reported $1.53 billion.\nSource: Block Scholes via CryptoSlate; Farside Investors NAMES: none (https://x.com/scoutfinance_/status/2116520795232956682)\n\nMISLEADING: The $643M Bitcoin ETF outflow and the Binance breach are real, but the \"$427M in leveraged positions liquidated\" figure conflicts with the reported $1.53 billion in crypto-wide liquidations. The BTC $76K–$77K support zone claim could not be confirmed from available sources.\nSource: CryptoSlate / Block Scholes NAMES: BTC = Bitcoin (https://x.com/Goboovi/status/2116513683404726450)\n\nTRUE: Earlier in the week, Bitcoin ETFs had four straight days of inflows while Ethereum ETFs posted a fifth straight day of outflows, so demand did diverge. However, on October 30 both categories saw outflows.\nSource: Farside Investors via crypto.news NAMES: FOMC = Federal Open Market Committee; XRP = Ripple's cryptocurrency (https://x.com/CoinGapeMedia/status/2115373717073064195)","claims":[{"verdict":"TRUE","summary":"U.S. spot Bitcoin ETFs recorded $643.2 million in net outflows on October 30, their largest daily exit since June, snapping a four-day inflow streak.","sourceName":"Farside Investors via crypto.news NAMES: none","sourceUrl":"https://x.com/Piypiy_memecoin/status/2116576947509891513","claim":"Omooo News Dey Nigerians for the crypto market e dey relate to Bitcoin My people, crypto market get another serious gist! Bitcoin ETF don record about $643 million outflow on October 30, meaning say investors withdraw more money than dem put inside those funds that day. But https","author":"PIYPIY STOCK/CRYPTO (@Piypiy_memecoin)"},{"verdict":"TRUE","summary":"Crypto-wide liquidations were about $1.53 billion in 24 hours, and Bitcoin ETFs lost $643 million on October 30. The \"$1.6B\" figure is a rounded version of the reported $1.53 billion.","sourceName":"Block Scholes via CryptoSlate; Farside Investors NAMES: none","sourceUrl":"https://x.com/scoutfinance_/status/2116520795232956682","claim":"INSIDE SCOUT | EP. 02 A rough weekend for crypto and stocks. Scout's latest Brief highlights some interesting developments across both markets. Here's what caught our attention: 📉 CRYPTO MARKET • $1.6B in reported liquidations following a major crypto hack. • $643M in https://t.","author":"Scout Finance (@scoutfinance_)"},{"verdict":"MISLEADING","summary":"The $643M Bitcoin ETF outflow and the Binance breach are real, but the \"$427M in leveraged positions liquidated\" figure conflicts with the reported $1.53 billion in crypto-wide liquidations. The BTC $76K–$77K support zone claim could not be confirmed from available sources.","sourceName":"CryptoSlate / Block Scholes NAMES: BTC = Bitcoin","sourceUrl":"https://x.com/Goboovi/status/2116513683404726450","claim":"🚨 Crypto market is getting interesting. • $643M in Bitcoin ETF outflows. • $427M in leveraged positions liquidated in 24 hours. • Binance dealing with one of the biggest security breaches in crypto history. • BTC testing the $76K–$77K support zone. Institutional money is https:/","author":"Gobovi (@Goboovi)"},{"verdict":"TRUE","summary":"Earlier in the week, Bitcoin ETFs had four straight days of inflows while Ethereum ETFs posted a fifth straight day of outflows, so demand did diverge. However, on October 30 both categories saw outflows.","sourceName":"Farside Investors via crypto.news NAMES: FOMC = Federal Open Market Committee; XRP = Ripple's cryptocurrency","sourceUrl":"https://x.com/CoinGapeMedia/status/2115373717073064195","claim":"🚨 Will Today’s #FOMC Meeting Shake Up the Crypto Market? #Bitcoin, #Ethereum, and #XRP face key resistance as investors await the Fed’s latest policy signals. Meanwhile, Bitcoin ETF inflows and Ethereum ETF outflows reveal diverging investor demand. 📊 Will the Fed’s guidance ht","author":"CoinGape (@CoinGapeMedia)"}]},"sources":[{"url":"https://x.com/Piypiy_memecoin/status/2116576947509891513","name":"Farside Investors via crypto.news NAMES: none","kind":"x","verdict":"TRUE","author":"PIYPIY STOCK/CRYPTO (@Piypiy_memecoin)"},{"url":"https://x.com/scoutfinance_/status/2116520795232956682","name":"Block Scholes via CryptoSlate; Farside Investors NAMES: none","kind":"x","verdict":"TRUE","author":"Scout Finance (@scoutfinance_)"},{"url":"https://x.com/Goboovi/status/2116513683404726450","name":"CryptoSlate / Block Scholes NAMES: BTC = Bitcoin","kind":"x","verdict":"MISLEADING","author":"Gobovi (@Goboovi)"},{"url":"https://x.com/CoinGapeMedia/status/2115373717073064195","name":"Farside Investors via crypto.news NAMES: FOMC = Federal Open Market Committee; XRP = Ripple's cryptocurrency","kind":"x","verdict":"TRUE","author":"CoinGape (@CoinGapeMedia)"}],"url":"https://oncast.fm/story/1793570015886-money-segment-bitcoin-etfs-bleed-after-binance-hack","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793570015886-money-segment-bitcoin-etfs-bleed-after-binance-hack","cite":"Cite https://oncast.fm/story/1793570015886-money-segment-bitcoin-etfs-bleed-after-binance-hack and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"Six hundred forty-three million dollars."},{"host":"Adam","text":"In one day?"},{"host":"Bill","text":"That's how much left U.S. spot Bitcoin ETFs on October 30."},{"host":"Adam","text":"Largest daily outflow since June, right?"},{"host":"Bill","text":"Yes. It erased four straight days of inflows."},{"host":"Adam","text":"And the week flipped negative."},{"host":"Bill","text":"Down two hundred two million by Friday."},{"host":"Bill","text":"A Nigerian crypto account, Piypiy, put it plainly."},{"host":"Bill","text":"His summary: investors pulled way more than they put in."},{"host":"Adam","text":"The money doesn't care about language."},{"host":"Bill","text":"This came one day after a huge Binance hack."},{"host":"Adam","text":"How huge?"},{"host":"Bill","text":"TRM Labs says six point three six billion was drained."},{"host":"Adam","text":"If that attribution holds, that's state-level theft."},{"host":"Bill","text":"They tie it to TraderTraitor, a North Korean hacking unit."},{"host":"Adam","text":"So investors ran from ETFs after an exchange got hit."},{"host":"Bill","text":"But that hack was at Binance, not the ETF custodian."},{"host":"Adam","text":"That's my point. The panic doesn't match the facts."},{"host":"Bill","text":"Fear doesn't check custody arrangements, Adam."},{"host":"Adam","text":"It should, if you're moving six hundred million."},{"host":"Bill","text":"BlackRock's fund saw two hundred thirty-three point seven million in outflows."},{"host":"Adam","text":"Fidelity's saw two hundred one million."},{"host":"Bill","text":"The big money was spooked."},{"host":"Adam","text":"And the damage was worse than some posts claimed."},{"host":"Bill","text":"One X account, Gobovi, said four hundred twenty-seven million in leveraged liquidations."},{"host":"Adam","text":"That's wrong. Block Scholes reports one point five three billion."},{"host":"Bill","text":"So the real number was more than three times bigger."},{"host":"Adam","text":"More than three and a half times."},{"host":"Bill","text":"Scout Finance rounded it to one point six billion. That's close."},{"host":"Adam","text":"Close enough for a weekend summary."},{"host":"Bill","text":"The same account said Bitcoin was testing seventy-six to seventy-seven thousand."},{"host":"Adam","text":"I can't confirm that support zone."},{"host":"Bill","text":"Neither can I. It's trader poetry."},{"host":"Adam","text":"The leverage blow-up is the real story."},{"host":"Bill","text":"Eighty-four percent of those liquidations were longs."},{"host":"Adam","text":"That's a lot of forced selling."},{"host":"Bill","text":"Then there's the Fed meeting. CoinGape asked earlier this week if FOMC would shake crypto."},{"host":"Adam","text":"Before Thursday, Bitcoin and Ethereum ETF demand had split."},{"host":"Bill","text":"Right. Bitcoin had inflows, Ethereum had five days of outflows."},{"host":"Adam","text":"But Thursday both bled."},{"host":"Bill","text":"Ethereum ETFs saw another one hundred fifty-six million in outflows."},{"host":"Adam","text":"So the divergence vanished the moment fear hit."},{"host":"Bill","text":"That tells me it was the hack, not the Fed."},{"host":"Adam","text":"Fair. The timing lines up with Binance, not Powell."},{"host":"Bill","text":"TRM says two point seven billion of the stolen funds were frozen."},{"host":"Adam","text":"Fast move, but that's less than half."},{"host":"Bill","text":"If TraderTraitor is behind this, they may not stop after one freeze."},{"host":"Adam","text":"And the market panic only helps them."},{"host":"Bill","text":"They steal, then let the outflows do the rest."},{"host":"Adam","text":"Six point three six stolen. Two point seven frozen. One point five three liquidated."},{"host":"Bill","text":"Crypto had a rough weekend."},{"host":"Adam","text":"But the reported breach was at Binance, not the network itself."},{"host":"Bill","text":"That's the part people forget when they see red numbers."},{"host":"Adam","text":"I'm not telling anyone what to do. The facts are the facts."},{"host":"Bill","text":"That's the closing story on a messy crypto week."}]}