U.S. spot bitcoin ETFs recorded $643.3 million in net outflows on October 30, 2026, marking their largest single-day withdrawal since June 25, 2026. The surge in redemptions followed a $6.3 billion hack on crypto exchange Binance by North Korean attackers. Outflows were led by BlackRock's IBIT ($233.7 million) and Fidelity's FBTC ($201.4 million), reducing total assets under management to $98.14 billion. Analysts characterized the move as routine de-risking rather than lost institutional confidence.
Details of October 30 bitcoin ETF outflows
- ▪BlackRock's IBIT fund led spot bitcoin ETF withdrawals on October 30, 2026, with $233.70 million in outflows, followed by Fidelity's FBTC fund with $201.4 million in outflows
- ▪Bitfire Research said the $643.3 million net outflow on October 30, 2026, reduced total assets under management for U.S. spot bitcoin ETFs to $98.14 billion
- ▪The $643.3 million outflows on October 30, 2026, reduced the year-to-date net inflows for U.S. spot bitcoin ETFs by 63.6%, from a prior total of just over $1 billion
- ▪U.S.-listed spot bitcoin exchange-traded funds recorded $643.3 million in net outflows on October 30, 2026, marking their largest single-day withdrawal since June 25, 2026
Analyst commentary on ETF outflows
- ▪Zeus Research analyst Dominick John stated that near-term spot bitcoin ETF demand is likely to remain cautious until market stability, liquidity, and investor confidence recover
- ▪Laevitas head of markets Rick Maeda stated that the $643.3 million outflow on October 30, 2026, represents under 1% of spot bitcoin ETF assets, indicating a de-risking event rather than capitulation
- ▪ViaBTC chief analyst Jeff Ko stated that spot bitcoin ETF holders have no direct exposure to Binance because underlying bitcoin assets are held with regulated custodians
Ethereum ETF outflows
- ▪The $155.9 million net outflow from spot Ethereum ETFs on October 30, 2026, marked their largest single-day withdrawal since October 7, 2026
- ▪U.S. spot Ethereum ETFs recorded $155.9 million in net outflows on October 30, 2026, and $431.5 million in weekly outflows for the week ending October 30, 2026
Binance hack and subsequent withdrawals
- ▪North Korean attackers identified by the FBI drained approximately $6.3 billion from Binance's hot wallets on October 29, 2026
- ▪Binance recorded approximately $3.64 billion in net outflows in the first nine and a half hours after restoring withdrawals following the $6.3 billion hack on November 1, 2026
Upcoming economic and political events
- ▪The U.S. midterm elections on November 3, 2026, could alter Congressional power and impact cryptocurrency market structure legislation and regulatory outlooks
- ▪The U.S. nonfarm payrolls labor market report scheduled for November 6, 2026, could affect Federal Reserve interest-rate expectations and cryptocurrency market pricing
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