Bitcoin, ether ETFs draw $1.1 billion in best inflow week since April, despite low volume
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Bitcoin and ether ETFs attract $1.1 billion in inflows, marking the largest weekly investment since April, despite low trading volume. Bloomberg analyst Eric Balchunas attributes this surge to the recent Coldcard wallet exploit, which has led several Bitcoin funds to receive daily inflows. This trend indicates investor interest in the affected assets.
Bloomberg analyst Eric Balchunas tied the run to the Coldcard wallet exploit, noting several Bitcoin funds have drawn inflows daily since the hack.