Bitcoin ETFs See $643.2M Outflows After $6.4B Binance Hack

The timing matters more than the size: outflows landing on the first full session after the Binance hack suggests the ETF complex is now the quickest exit route for institutional holders reacting to exchange-side shocks, even when the incident sits outside the ETF wrapper itself. The swing to net outflows for October shows how fast a single event can reverse a month's flows. Whether this proves event-driven or the start of sustained de-risking is the open question, with redemption pace in coming sessions the clearest signal.