Oncast Money · Closing Bell

Bitcoin ETFs bleed after Binance hack

· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.

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.

The 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.

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.

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.

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.

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.

Fact-check

VERIFIED 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.

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

Original post · PIYPIY STOCK/CRYPTO (@Piypiy_memecoin)

Farside Investors via crypto.news NAMES: none

VERIFIED TRUE

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.

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.

Original post · Scout Finance (@scoutfinance_)

Block Scholes via CryptoSlate; Farside Investors NAMES: none

VERIFIED MISLEADING

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.

🚨 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:/

Original post · Gobovi (@Goboovi)

CryptoSlate / Block Scholes NAMES: BTC = Bitcoin

VERIFIED TRUE

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.

🚨 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

Original post · CoinGape (@CoinGapeMedia)

Farside Investors via crypto.news NAMES: FOMC = Federal Open Market Committee; XRP = Ripple's cryptocurrency

Sources

What the hosts said

BSix hundred forty-three million dollars.
AIn one day?
BThat's how much left U.S. spot Bitcoin ETFs on October 30.
ALargest daily outflow since June, right?
BYes. It erased four straight days of inflows.
AAnd the week flipped negative.
BDown two hundred two million by Friday.
BA Nigerian crypto account, Piypiy, put it plainly.
BHis summary: investors pulled way more than they put in.
AThe money doesn't care about language.
BThis came one day after a huge Binance hack.
AHow huge?
BTRM Labs says six point three six billion was drained.
AIf that attribution holds, that's state-level theft.
BThey tie it to TraderTraitor, a North Korean hacking unit.
ASo investors ran from ETFs after an exchange got hit.
BBut that hack was at Binance, not the ETF custodian.
AThat's my point. The panic doesn't match the facts.
BFear doesn't check custody arrangements, Adam.
AIt should, if you're moving six hundred million.
BBlackRock's fund saw two hundred thirty-three point seven million in outflows.
AFidelity's saw two hundred one million.
BThe big money was spooked.
AAnd the damage was worse than some posts claimed.
BOne X account, Gobovi, said four hundred twenty-seven million in leveraged liquidations.
AThat's wrong. Block Scholes reports one point five three billion.
BSo the real number was more than three times bigger.
AMore than three and a half times.
BScout Finance rounded it to one point six billion. That's close.
AClose enough for a weekend summary.
BThe same account said Bitcoin was testing seventy-six to seventy-seven thousand.
AI can't confirm that support zone.
BNeither can I. It's trader poetry.
AThe leverage blow-up is the real story.
BEighty-four percent of those liquidations were longs.
AThat's a lot of forced selling.
BThen there's the Fed meeting. CoinGape asked earlier this week if FOMC would shake crypto.
ABefore Thursday, Bitcoin and Ethereum ETF demand had split.
BRight. Bitcoin had inflows, Ethereum had five days of outflows.
ABut Thursday both bled.
BEthereum ETFs saw another one hundred fifty-six million in outflows.
ASo the divergence vanished the moment fear hit.
BThat tells me it was the hack, not the Fed.
AFair. The timing lines up with Binance, not Powell.
BTRM says two point seven billion of the stolen funds were frozen.
AFast move, but that's less than half.
BIf TraderTraitor is behind this, they may not stop after one freeze.
AAnd the market panic only helps them.
BThey steal, then let the outflows do the rest.
ASix point three six stolen. Two point seven frozen. One point five three liquidated.
BCrypto had a rough weekend.
ABut the reported breach was at Binance, not the network itself.
BThat's the part people forget when they see red numbers.
AI'm not telling anyone what to do. The facts are the facts.
BThat's the closing story on a messy crypto week.

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