Ethereum, Bitcoin ETFs See $264M Inflows; Custody Debate Returns
TL;DR
- Custody Focus: The Coldcard hack, with an estimated $130 million in losses, renewed debate over whether institutional custody in Bitcoin ETFs offers safer protection than self-custody.
- ETF Momentum: Bitcoin ETFs saw $211.5 million in inflows Tuesday, led by IBIT and FBTC, while ETH products added $53.1 million, signaling steady institutional accumulation despite market hesitation.
- Market Reaction: Bitcoin hovered near $64,113 as analysts noted that transparent blockchain tracking may limit the Coldcard attackers’ ability to move funds.
Bitcoin ETFs continued to attract fresh capital this week as a high-profile Coldcard hack reignited discussion around digital asset security. The renewed attention on custody risks arrived alongside another strong day of inflows, reinforcing the idea that institutional products remain a preferred entry point for many investors navigating uncertain market conditions.
Rising ETF Momentum Amid Coldcard Fallout
Spot Bitcoin ETFs posted $211.5 million in net inflows on Tuesday, extending Monday’s $170 million. The surge coincided with growing scrutiny of the Coldcard incident, which Galaxy Research estimates may have affected roughly 7,300 addresses. It resulted in about $130 million in suspected Bitcoin losses. Analysts noted that the episode has revived long-standing questions about whether regulated institutional custody offers a safer alternative to self-managed storage.
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