Bitcoin ETFs lost $643 million in outflows Friday, and 2026 is barely green now

U.S.-listed spot Bitcoin exchange-traded funds (ETFs) recorded net outflows of $643.3 million on Friday, October 30. CoinDesk reported the figure, citing data from SoSoValue. It was the largest single-day withdrawal since June 25, when investors pulled $696.3 million. Friday's figure also narrowly exceeded a $635.5 million outflow recorded on October 22. One report put it as the twelfth-largest daily outflow since the funds launched in January 2024.

The outflow came on the first trading session after the Binance security breach. Crypto-Economy described that breach as a record-breaking attack that cost the exchange roughly $6.3 billion. Market participants quoted by CoinDesk tied the withdrawals to the uncertainty that followed. Nick Forster, founder and CEO of the derivatives platform Derive, said the funds recorded the outflows in their first trading session after the hack.

BlackRock's iShares Bitcoin Trust (IBIT) led the withdrawals, losing $233.70 million. Fidelity's Wise Origin Bitcoin Fund (FBTC) followed with $201.4 million in net outflows. A video segment from Yahoo Finance also cited a third fund, listed as Arc B, with $129.5 million in outflows.

The size of the exit matters mostly in the context of the year so far. Before Friday, the funds had accumulated slightly more than $1 billion in net inflows for 2026. According to Hokanews, Friday's outflow erased about 63.6% of that total. CoinDesk's headline says the year is now only barely positive for the funds. These products are often treated as a rough proxy for institutional demand for Bitcoin.

Bitfire Research told CoinDesk the outflow pushed total assets under management in U.S. spot Bitcoin ETFs below the $100 billion mark, to $98.14 billion. The firm also said spot Ether ETFs continued to post weekly net outflows. Another report put Ether ETF outflows at roughly $156 million on the same day. Even so, the weekly total for Bitcoin ETFs was much smaller than the single-day figure. Crypto-Economy reported weekly net outflows of $202.6 million, which suggests that earlier sessions that week had inflows. Yahoo Finance's segment likewise noted that the funds had recorded net inflows in each of the four sessions before Friday.

Commentators also pointed out that ETF holders do not have direct exposure to Binance. Crypto-Economy reported that these funds hold their Bitcoin with regulated custodians. The outflows therefore reflect investor sentiment toward the asset class, not losses tied to the exchange. Scott Melker, speaking in the Yahoo Finance segment, cautioned that daily flow data is reactive and can reverse at any time. He noted that the ETFs trade only during market hours, while Bitcoin trades around the clock. He said that is why you cannot draw too many conclusions from a single day's inflows or outflows.

The price reaction was relatively muted. Melker observed that a hack of this size years ago might have driven Bitcoin sharply lower within an hour, and he said that did not happen this time. Bitcoin was trading around $78,000 on Monday, November 2, according to CoinDesk and other outlets. One report said it had slipped about 0.4% since midnight UTC. Binance customers withdrew a net $3.64 billion after withdrawals reopened, according to the same reporting.

The next several trading sessions will show whether Friday's outflow was a one-day reaction to the hack or the start of a longer trend in ETF demand. Daily flow figures from SoSoValue and similar trackers are published after each U.S. trading session. This article is for information only and is not financial, investment, or tax advice. Flow data describes past activity and does not indicate where prices will move next.

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