Bitcoin ETFs See $643M October Outflows After Binance Hack; Ether Funds Lose Record $1.61B

US spot Bitcoin exchange-traded funds closed October with $515 million in net withdrawals, adding to a total $643 million exit following the Binance hack. Meanwhile, Ether funds suffered a record $1.61 billion in monthly outflows, underscoring a sharp shift in crypto investor sentiment. The outflows come as digital asset markets grapple with security concerns and regulatory uncertainty, prompting institutional and retail investors to pull back from crypto investment vehicles. Despite the pullback, Bitcoin's price showed resilience, suggesting some investors are rotating into direct holdings or other assets. The divergence between Bitcoin and Ether fund flows highlights growing caution around altcoins and platforms with security vulnerabilities. Market analysts will watch whether November brings renewed inflows or if the trend of outflows continues into year-end, potentially signaling a broader cooling in crypto ETF demand.