BlackRock and Fidelity funds drive $643M bitcoin ETF outflow after Binance hack

Crypto Insight Summary: BlackRock's IBIT and Fidelity's FBTC led a $643.3 million US spot bitcoin ETF outflow on October 30, one day after a $6.3 billion hack hit Binance. Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Heavy ETF outflows after a major exchange hack signal risk-off sentiment and near-term selling pressure.