Bitcoin ETF Inflows Surge Following $130M Coldcard Hack 

Bitcoin Magazine Bitcoin ETF Inflows Surge Following $130M Coldcard Hack  Investors are throwing cash at spot Bitcoin exchange-traded funds following the massive Coldcard hack.  Major U.S.

funds managed by BlackRock, Fidelity, Grayscale, Morgan Stanley and others have received a total of $626 million in fresh cash following news of the hack on Friday, according to data from Farside Investors.  Hackers last week started millions in Bitcoin from Coldcard wallets after discovering a vulnerability in the product’s software.

Some estimates put the amount of Bitcoin lost now at over $130 million.  Writing on X Thursday, Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, said the flows might not be related to the hack, but investors would be making a good move to allow fund managers to look after their Bitcoin.  “Who are you gonna trust to not screw up the security of your Bitcoin (or get it back if some scumbag does mess with it): a 5-man boutique in Canada or this guy and his 25,000-employee, $15T by-the-book empire?” wrote Balchunas, posting a picture of BlackRock CEO Larry Fink’s face, and criticizing Coldcard’s parent company Coinkite’s small team.  who are you gonna trust to not screw up the security of your bitcoin (or get it back if some scumbag does mess with it): a 5-man boutique in Canada or this guy and...