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Altcoins & DeFi

BNB’s $99 million ETF inflows came almost entirely before Binance’s hack

Image: CryptoSlate

BNB exchange-traded funds (ETFs) led October inflows among US-listed spot crypto ETFs tracked by SoSoValue, with the largest allocation arriving weeks before Binance suffered a record $6.3 billion cryptocurrency hack. The US-listed VanEck BNB ETF attracted $99 million during the month, ahead of $35 million for NEAR and $19 million for XRP , according to SoSoValue data . The gains contrasted with broader withdrawals that saw investors pull $1.61 billion from Ethereum funds, $515 million from Bitcoin products and $144 million from Solana ETFs. VanEck's BNB ETF , trading under the ticker VBNB, accounted for the category's October inflows. SoSoValue's daily flow table records about $97 million on Oct. 2, or 98.8% of the monthly net total, weeks before the attack.

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