COINTELEGRAPH · 2026-11-04 09:38 UTC

Bitcoin ETFs lose $1.16B as Bitwise calls selling 'short-term'

US spot Bitcoin ETFs saw $1.16 billion in net outflows over three trading days, with $116 million pulled on Tuesday alone. Bitwise's head of research attributes the withdrawals to short-term risk-off sentiment following Binance's $6.3 billion hack, not structural changes in institutional demand. Outflows are slowing as market sentiment improves; a Bitwise survey found institutions have maintained Bitcoin ETF positions during the downturn.

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