Bitcoin ETFs draw $440.8m as Binance hack rattles market

U.S. spot Bitcoin ETFs have attracted $440.8 million over four consecutive trading sessions through Oct. 29, with BlackRock taking most of the inflows before Friday’s sell-off following Binance’s $6.3 billion hack. Summary BlackRock’s IBIT accounted for $410.6 million of the four-session total, leading other U.S. Bitcoin funds. Thursday’s net inflows slowed to $17.2 million as withdrawals from two products offset purchases elsewhere. The four-day intake recovered approximately 57% of the money withdrawn during the previous two losing sessions. The reporting period ended Oct. 29, leaving Friday’s response to the Binance breach outside the total. According to Farside Investors, the funds received $110.3 million on Monday, $176 million on Tuesday and $137.3 million on Wednesday, followed by a smaller positive balance on Thursday. The figures show money entering the U.S. funds during a difficult stretch for Bitcoin, although the timing separates most of that buying from the exchange breach. The four-session total covers Oct. 26–29, while blockchain investigators placed the main Binance wallet outflows late on Oct. 29 UTC. Friday’s trading therefore falls outside the $440.8 million figu...