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Bitcoin ETF Investors Head for the Exits After Record Binance Hack
Published Source: DecryptRead original
Crypto Insight Summary: Bitcoin ETFs saw $643.2 million in outflows Friday, the first full trading session after the $6.4 billion Binance hack, ending October with roughly $516 million in net outflows. Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Record exchange hack triggered $643.2M in ETF outflows, increasing near-term selling and crypto risk aversion.