Bitcoin ETFs Attract $850 Million in Inflows Despite Coldcard Hack
U.S. spot Bitcoin ETFs recorded over $850 million in inflows last week, marking their strongest weekly performance since April. This surge occurred despite a recent $130 million hack involving Coldcard wallets. The uptick in inflows reflects growing investor confidence in Bitcoin’s long-term potential, even amidst security challenges. The implications could influence market sentiment as traders assess the durability of this momentum.
What Happened
The recent influx of $850 million into U.S. spot Bitcoin ETFs highlights a robust recovery in investor interest. This influx comes on the heels of a significant security incident, with a $130 million hack of Coldcard wallets creating ripples of concern in the market. Despite this, the ETF inflows indicate a resilient appetite for Bitcoin, suggesting that investors remain optimistic about its prospects. This dynamic is particularly noteworthy as it contrasts with the broader mixed signals in the cryptocurrency market.
Key Takeaways
- U.S. spot Bitcoin ETFs recorded $850 million in inflows last week.
- This marks the strongest weekly inflow since April 2026.
- The inflow occurred despite a $130 million Coldcard wallet hack.
- Investor confidence appears to be recovering in the face of security challenges.
- The ETF inflow signals a positive outlook for Bitcoin’s future.
What the Data Shows
The cryptocurrency market is experiencing varied momentum, with Bitcoin testing the critical $64,000 to $65,000 resistance level. Although trading volumes remain thin, the strong ETF inflows could signal a shift in sentiment, encouraging buyers to re-engage. The interplay between these inflows and ongoing security concerns will be crucial for short-term price movements and trader decisions.
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