BLOOMBERG · 2026-11-03 15:21 UTC

Bitcoin ETFs Lose $1 Billion as Midterms, Binance Hack Weigh on Sentiment

Bitcoin ETFs saw $1.04 billion in net outflows over Friday and Monday, with BlackRock's iShares Bitcoin Trust accounting for $405 million of Monday's withdrawals. Binance disclosed that the $6.3 billion hack involved social engineering and malicious software in a sophisticated multi-stage campaign attributed to North Korea, which has denied involvement. Bitcoin traded near $77,000 on Tuesday around its 100-day moving average, with traders cautious ahead of US midterm elections and uncertain whether support levels will hold.

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