PANews, August 6: Bloomberg ETF analyst Eric Balchunas tweeted that since the Coldcard hacking incident, IBIT, FBTC, BITC, ARKB, and MSBT have recorded net inflows for multiple consecutive trading days, totaling approximately $620 million. Eric Balchunas emphasized that there is currently no evidence linking the two events, but believes that over the long term, investors may shift toward ETFs due to security concerns.
BTC ETFs See $620M in Net Inflows Following Coldcard Hack
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Summary
Following the Coldcard hack, Bitcoin ETFs such as IBIT, FBTC, BITC, ARKB, and MSBT attracted $620 million in net inflows, according to Bloomberg’s Eric Balchunas. He noted no direct connection between the events but suggested that a long-term crypto strategy may be driving increased capital into ETFs, as investors may prefer these products for security in the long-term investment landscape.
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