News · Institutions & ETFs
Institutional funds logged their steepest single-day October redemptions as Ether and Solana products also extended multi-day outflow runs.
Key point 1 of 3
01
US spot Bitcoin ETFs logged $643.2 million in net redemptions on Friday, marking their steepest daily outflows of October.
Key point 2 of 3
02
The institutional retreat followed a $6.4 billion exploit targeting exchange Binance on Thursday afternoon.
Key point 3 of 3
03
Ether and Solana ETFs extended five-day outflow streaks, shedding $155.7 million and $10.8 million respectively on Friday.
Context
The outflow surge reversed a four-day, $441 million inflow sequence as institutional products absorbed their first post-market reaction to the $6.4 billion Binance security breach.
Why it matters
US ETF product issuers and asset managers saw cumulative monthly flows push deeper into net negative territory, wiping out October's earlier recovery momentum.
What to watch
Monitor subsequent daily ETF flow prints and Federal Reserve rate expectations ahead of the upcoming December monetary policy decision.
Sources
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