NewsSignals AI analysis·The Block·
Spot bitcoin ETFs see largest daily outflows in four months following record Binance hack
Grade Sbearish AI signal$BTC$ETH
U.S. spot Bitcoin ETFs recorded $643.3 million in daily net outflows on Friday, their largest single-day withdrawals in four months, following the $6.3 billion Binance hack.
Spot Ethereum ETFs also suffered $155.9 million in outflows, while Binance reported approximately $3.64 billion in net withdrawals after restoring withdrawals, despite BTC and ETH both gaining around 1% over the past 24 hours.
Investor caution could persist in the near term, with ETF inflows dependent on restored market stability, liquidity and confidence following the historic exchange hack.
Bullish strength: 25/100
- Bitcoin gained 1% over the reported 24-hour period despite the hack.
- Ether gained 1.3% over the reported 24-hour period.
- Analysts characterized ETF withdrawals as a sentiment shock rather than institutional capitulation.
- Bitcoin ETF outflows represented less than 1% of total spot ETF assets.
Bearish strength: 75/100
- Bitcoin ETFs recorded $643.3 million in their largest daily outflows since June 25.
- Ethereum ETFs experienced $155.9 million in daily outflows.
- Combined weekly outflows reached $202.6 million for Bitcoin ETFs and $431.5 million for Ethereum ETFs.
- Binance suffered a reported $6.3 billion hack, the largest crypto hack to date.
- Binance experienced approximately $3.64 billion in net outflows after withdrawals resumed.
- Analysts expect cautious demand and potentially continued ETF outflows in the near term.
- The Crypto Fear and Greed Index stood at 37, indicating fear.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.