U.S. spot Bitcoin ETFs accumulated $440.8 million across four consecutive trading sessions concluding on Oct. 29, a period that ended before the market reaction to Binance's $6.3 billion hack. BlackRock's IBIT fund was the primary driver of this growth, capturing $410.6 million of the total inflow and outperforming other U.S. Bitcoin funds during the same timeframe. In contrast, Thursday's net inflows were significantly lower at $17.2 million, a figure resulting from withdrawals in two specific products that offset buying activity elsewhere.
The four-day intake period recovered approximately 57% of the capital withdrawn during the preceding two losing sessions, with the reporting window closing on Oct. 29 and excluding Friday's response to the breach. Data provided by Farside Investors details the daily breakdown, showing funds received $110.3 million on Monday, $176 million on Tuesday, and $137.3 million on Wednesday, before recording a smaller positive balance on Thursday.
Bitcoin ETFs Net $440.8m Amid Binance Hack Fallout
Data indicates that capital flowed into U.S.-based funds despite a challenging period for Bitcoin, noting that the majority of this purchasing activity occurred at times distinct from the exchange breach; the four-session aggregate spans October 26 through 29, whereas blockchain investigators identified the primary Binance wallet outflows occurring late on October 29 UTC.
Consequently, Friday's trading activity is excluded from the $440.8 million total figure, and as of the time of verification, Farside's entries recorded on October 30 had not yet been reported. BlackRock's IBIT product attracted new capital inflows across all four days, beginning with an inflow of $110.3 million on Monday, rising to $151.5 million on Tuesday and $136 million on Wednesday, before decelerating to $12.8 million on Thursday.
The inclusion of these entries brings IBIT's total to $410.6 million, representing roughly 93.1% of the category's net inflows during the specified period; this figure compares BlackRock's aggregate against the combined balance following withdrawals from other funds.
Fidelity's FBTC generated $35 million in total, split between $24.5 million on Tuesday and $10.5 million on Thursday, while Bitwise's BITB drew $10.1 million across Wednesday and Thursday, and Morgan Stanley's MSBT took in $4.2 million on Thursday. Outflows from two specific products diminished the overall result, with Grayscale's Bitcoin Mini Trust seeing a loss of $15.3 million on Thursday and WisdomTree's BTCW recording $3.8 million in outflows.
The aggregate of positive entries recorded over the four-day period amounted to $459.9 million; after deducting the $19.1 million withdrawn from two specific funds, the resulting net figure stands at $440.8 million. Trading activity on Thursday was markedly subdued compared to the prior three sessions, with an intake of $17.2 million representing a decline of approximately 87.5% relative to Wednesday's $137.3 million, even though four products concluded with positive flows.
According to Farside's data table, the most recent buying activity occurred following two consecutive sessions characterized by negative flows, during which investors withdrew a total of $635.6 million on Oct. 22 and an additional $137.9 million on Oct. 23. The combined outflows totaling $773.5 million surpassed the subsequent four-day inflows by $332.7 million; based on rounded daily figures, these new inflows recovered approximately 57% of the capital that departed during those two sessions.
Data from Farside indicates that the latest purchasing activity came after two back-to-back sessions marked by negative flows, where investors pulled out $635.6 million on Oct. 22 and another $137.9 million on Oct. 23. These combined outflows of $773.5 million were greater than the following four days of inflows by $332.7 million; using rounded daily numbers, the subsequent intake reclaimed roughly 57% of the capital that left during those two sessions. A broader timeframe yielded a contrasting outcome, as prior 30-day flow figures released by the report indicated net withdrawals of $254.7 million for the 30 calendar days ending Oct. 26, relying on Farside's rounded daily totals. Conversely, the preceding week ended in the green due to buying activity earlier in that span. Between Oct. 19 and Oct. 23, the funds drew a net $301.2 million, comprising $526.7 million on Monday and $524.8 million on Wednesday.
Within this timeframe, IBIT gained $961.9 million whereas FBTC shed $725 million. The split between these two issuers was apparent even before the most recent four-session run. The daily flow table tracks net money moving into or out of each product but fails to pinpoint specific buyers or determine if their acquisitions stemmed from dropping prices, portfolio rebalancing, or a different approach.
Following the Binance security incident, Bitcoin dipped beneath the $77,000 threshold on October 30. Market records indicated the cryptocurrency traded at $76,944 just past midnight UTC, before prices began climbing back toward $78,000 as the trading session progressed.
U.S. spot Bitcoin ETFs recorded $440.8 million in net inflows through Oct.
Lacie Zhang, who serves as research lead for Bitget Wallet, noted in her analysis that maintaining levels between $76,000 and $77,000 while regaining $80,000 via consistent spot buying would indicate market stability. She also pointed to ongoing withdrawal limits and questions regarding reserves as factors that could strain lenders and market makers.
According to Binance's asset-replacement plan, the firm set aside over $6.34 billion in company funds, a sum that encompassed $5 billion already stored in the cryptocurrencies impacted by the incident. The platform indicated that acquiring the remaining tokens would occur via market transactions and over-the-counter channels, while noting that some acquisitions might require more time given constraints on token liquidity and OTC settlement durations.