Daily inflows into US spot Bitcoin ETFs total $620 million following a $116 million Coldcard exploit, sparking self-custody risk debates.
US spot Bitcoin ETFs recorded $620 million in inflows over the past week, coinciding with a major Coldcard hardware wallet exploit. The timing has led to speculation that some investors may be shifting away from self-custody solutions amid heightened security concerns.
The streak of daily inflows includes BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB, ARK 21Shares’ ARKB, and Defiance’s MSBT. The $620 million total aligns with recent reports tracking the surge in demand for regulated Bitcoin investment products.
The Coldcard hack resulted in over $116 million in Bitcoin losses from more than 5,200 wallet addresses, according to blockchain analytics. While no direct link has been established, the incident has reignited discussions about the risks of self-custody in the crypto space.