Bitcoin ETF outflows reached $643.33 million on October 30, following a reported Binance theft that BeInCrypto described as the largest in cryptocurrency history. The withdrawal ended four consecutive sessions of inflows, but the timing alone doesn’t establish that the attack caused investors to redeem their shares.
- US spot Bitcoin funds held $98.14 billion in assets, putting the October 30 withdrawal at roughly 0.7% of assets, according to BeInCrypto’s account of SoSoValue data.
- BlackRock’s IBIT recorded about $234 million in withdrawals; Fidelity and Ark Invest funds had the next-largest exits, BeInCrypto reported.
- TRM estimated the October 29 Binance theft at approximately $6.36 billion across 10 blockchains, according to BeInCrypto.
- Ethereum funds lost another $156 million on October 30, their fifth consecutive day of outflows, the report said.
- Bitcoin traded at $77,451 at 13:13 UTC on October 31, up 0.28% over 24 hours, according to CoinGecko data.
Timeline of Bitcoin ETF outflows and the reported attack
- October 22, 2026: Investors withdrew $635 million from Bitcoin funds in one session, according to BeInCrypto.
- October 26-29, 2026: The funds recorded four consecutive sessions of inflows, BeInCrypto reported.
- October 29, 2026: An attacker reportedly drained Binance exchange wallets. BeInCrypto, citing TRM, said most assets moved within approximately 20 minutes.
- October 30, 2026: Net withdrawals totaled $643.33 million. About $11 billion in Bitcoin options also expired that day, according to BeInCrypto.
- October 31, 2026: BeInCrypto published its account at 11:29 UTC. CoinGecko data at 13:13 UTC showed modest daily gains for Bitcoin, Ethereum and BNB.
Background to the withdrawals
Spot Bitcoin ETFs provide brokerage-based exposure to Bitcoin through fund shares. As BeInCrypto reported, redemptions involve large trading firms returning shares for Bitcoin or cash, potentially releasing coins that can reach the market.
The withdrawal figure is not proof of equivalent immediate exchange selling. BeInCrypto did not document the timing or destination of sales associated with those redemptions.
BeInCrypto said TRM linked the theft to TraderTraitor, a North Korean hacking unit. The outlet also cited TRM’s estimate that token issuers and network operators froze about $2.7 billion of stolen assets.
Binance suspended deposits and withdrawals and said user funds were safe, according to BeInCrypto. That assurance is not evidence of completed recovery: the report does not establish that all losses have been covered or frozen assets returned.
For scale, BeInCrypto compared the reported theft with the $1.5 billion Bybit hack in February 2025, describing Binance’s estimated loss as roughly four times larger.
Market performance was mixed by October 31
CoinGecko recorded small 24-hour gains for Bitcoin, Ethereum and BNB, although all three remained lower over seven days. Solana, by contrast, was down 0.81% over 24 hours.
The following prices and percentage changes are from CoinGecko at 13:13 UTC on October 31, 2026.
| Asset | Price, USD | 24-hour change | Seven-day change |
|---|---|---|---|
| Bitcoin | $77,451 | +0.28% | -3.78% |
| Ethereum | $2,245.82 | +0.82% | -4.77% |
| BNB | $704.82 | +0.72% | -3.51% |
Bitcoin was also down 7.66% over 30 days. Alternative.me’s Crypto Fear & Greed Index stood at 30, classified as Fear, on October 31.
Bitcoin’s positive 24-hour return does not erase its seven-day or 30-day decline. None of those windows alone isolates the price effect of the reported Binance attack.
What subsequent flows could show
Whether Bitcoin ETF outflows persist remains unresolved. BeInCrypto noted that the October 22 withdrawal was followed by four sessions of inflows starting October 26, a recent example of a large daily exit followed by renewed subscriptions.
The report also offered a different historical comparison. Citing ETF.com, BeInCrypto said a then-record $1 billion daily exit occurred a week after the February 2025 Bybit theft. Withdrawals during that week neared $3 billion.
Neither precedent determines what happens next. The October 30 options expiry coincided with the withdrawals, but the report does not quantify its effect on flows or prices. Later flow data would be needed to establish a sustained pattern.
The reported suspension highlights exchange-access risk, while Bitcoin’s negative weekly and monthly returns illustrate market risk. Exposure through a fund should not be presented as protection from Bitcoin price declines.
FAQ
How large were Bitcoin ETF outflows?
US spot Bitcoin funds recorded $643.33 million in net withdrawals on October 30, according to SoSoValue data cited by BeInCrypto. IBIT accounted for about $234 million.
Did the Binance hack cause the withdrawals?
The withdrawals followed the reported attack, but the available report does not establish causation or explain individual investor decisions.
Has Binance recovered the stolen money?
BeInCrypto reported that approximately $2.7 billion had been frozen, citing TRM. Freezing assets is different from returning them; the report does not establish a completed recovery.
Sources
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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