According to Cointelegraph, US spot Bitcoin ETFs recorded net withdrawals in October, with Ether fund offerings seeing their largest monthly outflow yet following the Binance hack.
In October, US spot Bitcoin ETFs ended with $515 million in net withdrawals. Meanwhile, Ether funds experienced a record $1.61 billion in monthly outflows during the same period. The timing of these movements coincides with the recent Binance hack, which occurred prior to or during October.
The outflows reflect investor behavior in response to market developments linked to the hack. No additional details about fund issuer actions, regulatory responses, or specific dates beyond “October” are included. The source of the information is Cointelegraph.
