Bitcoin ETF inflows surge after Coldcard hack, but link is unclear: Bloomberg analyst
60-second summary
Bitcoin ETF inflows surge to a week-long streak, totaling over $100 million, coinciding with the Coldcard wallet exploit. Bloomberg analyst notes a potential link, suggesting investors may be shifting away from self-custody, although the connection remains unclear. This trend could signal a shift in investor behavior, impacting the broader cryptocurrency market and self-custody adoption.
A week-long streak of inflows into US spot Bitcoin ETFs has coincided with the Coldcard wallet exploit, fueling debate over whether some investors are shifting away from self-custody.