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AI summary of a third-party reportBearishNewsDesk

Bitwise's Dragosch says Bitcoin ETF outflows reflect short-term risk-off

US spot Bitcoin ETFs shed $1.16bn over three trading days, but Bitwise's head of research says institutions have largely kept their exposure and the selling reflects weaker sentiment.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: Bitwise's Dragosch says Bitcoin ETF outflows reflect short-term risk-off
Image: Cointelegraph
Original reporting: Helen Partz, Cointelegraph

Key points

  • Investors pulled $116m on 3 November, after $399m on 2 November and $643m on Friday, per SoSoValue data
  • The outflows followed a $6.3bn hack at Binance on 29 October

Investors withdrew $116m on Tuesday, following $399m on Monday and $643m on Friday, according to SoSoValue data.

The withdrawals came after a $6.3bn hack at Binance on Thursday, which raised questions about investor confidence and the security of ETF custody. Dragosch linked the Bitcoin ETF outflows to weaker market sentiment rather than concern over the safety of fund holdings, and pointed to the difference between exchange hot wallets and the cold storage used by institutional custodians such as Coinbase.

He said institutions are largely holding on. A recent Bitwise survey of 15 institutions found none had cut Bitcoin ETF exposure during the bear market, and US regulatory filings showed most institutional categories apart from hedge funds had mostly kept their positions. Retail investors, who hold most Bitcoin ETF assets, tend to react more sharply to volatility.

Bitcoin gained about 1.6% over 24 hours to trade near $78,000, according to CoinGecko. Net outflows for the funds in 2026 stand at about $153m.

Read the full story on Cointelegraph

Live updates on NewsFeeds:ETFsBitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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