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Bitcoin

Bitcoin ETF Inflows Hit $440.8M Before Binance’s $6.3B Hack

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US spot Bitcoin ETF funds attracted $440.8 million in net inflows across four trading sessions ending October 29. BlackRock led the purchases before a $6.3 billion Binance security breach shook cryptocurrency markets and sent Bitcoin below $77,000 during Friday’s trading. Daily inflows stood at $110.3 million on October 26 and $176 million on October 27, according to Farside Investors . The investors put in $137.3 million the next day, after which inflows were reduced to $17.2 million on Thursday. IBIT of BlackRock contributed to the four-day total amount of $410.6 million. The IBIT added to its total amount $110.3 million on Monday, $151.5 million on Tuesday, $136 million on Wednesday, and finally $12.8 million on Thursday. Therefore, IBIT had about 93.1% of the net intake of the category.

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