Bitcoin ETF Investors Head for the Exits After Record Binance Hack

U.S. spot Bitcoin ETFs experienced record-breaking outflows of $643.2 million on Friday following a massive $6.4 billion hack on Binance. Ethereum and Solana ETFs also suffered continued withdrawals over the week as crypto markets reacted to the theft. Despite the sell-off and liquidation of over $1.3 billion in leveraged positions, Bitcoin eventually steadied near $77,520 after Binance pledged to cover all losses. Open article →