{"id":"1793758449426-money-segment","slug":"bitcoin-etfs-bleed-643m-after-binance-hack","title":"Bitcoin ETFs bleed $643M after Binance hack","summary":"On Oct. 29, attackers drained about $6.3 billion from Binance hot wallets across 10 blockchains, in what TRM and others called the largest crypto hack to date; the FBI identified North Korean hackers. The next day, U.S. spot bitcoin ETFs recorded $643.3 million of net outflows—their largest single-day outflow since June 25—wiping out roughly 64% of their 2026 net inflows. BlackRock's IBIT led with $233.7 million outflows; Fidelity's FBTC lost $201 million. Spot ether ETFs also saw $155.9 million outflows.\n\nAnalysts said it was mostly “sentiment shock” rather than institutional loss of confidence. ETF holders do not have direct Binance exposure, and $643 million is less than 1% of the ETFs' $98.14 billion in total assets. Investors de-risked after the record hack, and caution may persist.\n\nU.S. spot bitcoin ETFs recorded $643.3 million in net outflows on Oct. 30, their largest single-day outflow since June 25. That was about 0.7% of the funds' total $98.14 billion in assets.","publishedAt":"2026-11-04T02:14:09.426Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Tonight","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: U.S. spot bitcoin ETFs recorded $643.3 million in net outflows on Oct. 30, their largest single-day outflow since June 25. That was about 0.7% of the funds' total $98.14 billion in assets.\nSource: [theblock.co](https://www.theblock.co/news/markets/2026-11-01-spot-bitcoin-etfs-largest-four-months-following-binance-hack-432270); [fxstreet.com](https://www.f (https://x.com/Piypiy_memecoin/status/2116576947509891513)","claims":[{"verdict":"TRUE","summary":"U.S. spot bitcoin ETFs recorded $643.3 million in net outflows on Oct. 30, their largest single-day outflow since June 25. That was about 0.7% of the funds' total $98.14 billion in assets.","sourceName":"[theblock.co](https://www.theblock.co/news/markets/2026-11-01-spot-bitcoin-etfs-largest-four-months-following-binance-hack-432270); [fxstreet.com](https://www.f","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)"}]},"sources":[{"url":"https://x.com/Piypiy_memecoin/status/2116576947509891513","name":"[theblock.co](https://www.theblock.co/news/markets/2026-11-01-spot-bitcoin-etfs-largest-four-months-following-binance-hack-432270); [fxstreet.com](https://www.f","kind":"x","verdict":"TRUE","author":"PIYPIY STOCK/CRYPTO (@Piypiy_memecoin)"}],"url":"https://oncast.fm/story/1793758449426-money-segment-bitcoin-etfs-bleed-643m-after-binance-hack","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793758449426-money-segment-bitcoin-etfs-bleed-643m-after-binance-hack","cite":"Cite https://oncast.fm/story/1793758449426-money-segment-bitcoin-etfs-bleed-643m-after-binance-hack and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"Six hundred forty-three million dollars walked out of bitcoin ETFs in a single day."},{"host":"Adam","text":"That's the biggest one-day outflow since June. And it came right after the Binance hack."},{"host":"Bill","text":"Right. The FBI says North Korean hackers drained about six point three billion from Binance hot wallets. Largest crypto hack ever."},{"host":"Adam","text":"And the next day, investors pulled that six hundred forty-three million from the spot bitcoin funds. BlackRock's fund led it, Fidelity right behind."},{"host":"Bill","text":"Now here's the part I find interesting. That outflow is less than one percent of the ETFs' total assets."},{"host":"Adam","text":"So it's a sentiment shock, not institutions running for the exits."},{"host":"Bill","text":"Exactly. Jeff Ko at ViaBTC called it a sentiment shock. Rick Maeda at Laevitas said it was a de-risking day, not capitulation."},{"host":"Adam","text":"I'd push back on that a little. A record hack, and the response is to pull money from funds that don't even hold Binance exposure?"},{"host":"Bill","text":"That's how fear works. People don't read the fine print when they see six billion vanish."},{"host":"Adam","text":"But that's my point. If ETF holders are this jumpy, what happens when something actually touches their funds?"},{"host":"Bill","text":"Then you'd see real outflows. This was a flinch, not a stampede."},{"host":"Adam","text":"A flinch that wiped out sixty-four percent of the year's inflows in one day."},{"host":"Bill","text":"Fair. The year's barely green now. But the analysts I trust say demand comes back once stability returns."},{"host":"Adam","text":"Dominick John at Zeus Research said near-term demand stays cautious until liquidity improves. That's the honest read."},{"host":"Bill","text":"And meanwhile, a Nigerian account on X summed it up for their people: investors withdrew more money than they put in that day."},{"host":"Adam","text":"That's the whole story in one sentence. The question is whether it's a one-day event or the start of something."},{"host":"Bill","text":"I say one-day. You?"},{"host":"Adam","text":"I think the hack exposed how fragile confidence still is. One bad headline and the year's gains are gone."},{"host":"Bill","text":"Which is exactly why I don't lose sleep over one day of outflows. The funds are reportedly still sitting on ninety-eight billion."},{"host":"Adam","text":"Alright, we'll see who's right in a month."},{"host":"Bill","text":"Speaking of elections, a Bluesky post from Lindsey Adler says Americans are fed up with Donald Trump."},{"host":"Adam","text":"That's an opinion, not a data point. But it's the kind of thing people are posting tonight."},{"host":"Bill","text":"Randi Weingarten posted from Florida that people turned out despite a thunderstorm for David Jolly and Gwen Graham."},{"host":"Adam","text":"Energy on the ground is real. But energy doesn't always show up in the count."},{"host":"Bill","text":"And then there's the pizza post. Someone on Bluesky says they fed people waiting in line at two polling places."},{"host":"Adam","text":"That's the kind of thing that makes election night bearable. People taking care of each other."},{"host":"Bill","text":"Meanwhile, a sarcastic post from autumn coded: 'Guy who nobody knows and acts like a Fed is shocked that DSA members don't want to party with him.'"},{"host":"Adam","text":"That's a very specific kind of political burn."},{"host":"Bill","text":"It's the kind of thing that only makes sense if you've been in those rooms."},{"host":"Adam","text":"Alright, let's get back to the money. The SuperEx account posted a calendar for this week: Apple and Palantir earnings, AMD earnings, nonfarm payrolls."},{"host":"Bill","text":"I'd take that with a grain of salt. The dates weren't fully verified."},{"host":"Adam","text":"But the midterm results are the big one. Markets are watching whether Democrats take back Congress."},{"host":"Bill","text":"And historically, midterms precede a strong S&P year. CNBC ran that earlier."},{"host":"Adam","text":"The market likes gridlock. It always has."},{"host":"Bill","text":"Gridlock means nobody does anything stupid. That's the bull case."},{"host":"Adam","text":"The bear case is that nothing gets done when something actually needs doing."},{"host":"Bill","text":"We'll find out soon enough. Results are coming in."},{"host":"Adam","text":"One more crypto note: Gobovi posted that bitcoin is testing the seventy-six to seventy-seven thousand support zone."},{"host":"Bill","text":"That support level wasn't confirmed in our check. But the ETF outflow and the Binance hack are."},{"host":"Adam","text":"So the story is real, even if the exact support level is a guess."},{"host":"Bill","text":"And the liquidation figure of four hundred twenty-seven million in twenty-four hours? Also unverified."},{"host":"Adam","text":"The numbers being reported are bad enough. Six point three billion reportedly hacked, six hundred forty-three million out the door."},{"host":"Bill","text":"That's a rough weekend for crypto, no matter how you slice it."},{"host":"Adam","text":"And it's not over. The FBI is still investigating, and North Korea's fingerprints are all over it."},{"host":"Bill","text":"The question now is whether exchanges can convince people their money is safe."},{"host":"Adam","text":"After a six billion dollar hack, that's a hard sell."},{"host":"Bill","text":"But the ETFs are separate. That's the part people keep missing."},{"host":"Adam","text":"Tell that to the people who pulled six hundred forty-three million."},{"host":"Bill","text":"I would, but they're probably not listening to a radio show right now."},{"host":"Adam","text":"Fair point. Let's see what the rest of the week brings."}]}