U.S. spot Bitcoin and Ether ETFs see $648M outflows amid a 200 ETH hack on MakerDAO contract
On October 7, U.S. spot Bitcoin and Ether exchange-traded funds (ETFs) experienced a combined net outflow of $648 million, with Bitcoin ETFs accounting for $487 million and Ether ETFs $161 million. BlackRock's IBIT fund led the withdrawals with $208 million outflow. Additionally, a security breach drained about 200 ETH, worth over $500,000, from a legacy MakerDAO auction contract. These outflows and the hack highlight ongoing volatility and security concerns in the digital asset market.
On October 7, U.S. spot Bitcoin and Ether exchange-traded funds (ETFs) experienced a combined net outflow of $648 million, with Bitcoin ETFs accounting for $487 million and Ether ETFs $161 million. BlackRock's IBIT fund led the withdrawals with $208 million outflow. Additionally, a security breach drained about 200 ETH, worth over $500,000, from a legacy MakerDAO auction contract. These outflows and the hack highlight ongoing volatility and security concerns in the digital asset market.
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