U.S. Spot Bitcoin ETF Sees $1 Billion Weekly Inflow, Highest Since April

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Bitcoin ETF news reports a $1 billion weekly inflow into U.S. spot Bitcoin ETFs, the highest since April and the third-largest since October 2023. The news also highlights an $116 million BTC theft from Coldcard hardware wallets. Bloomberg’s Eric Balchunas noted potential investor shifts toward ETFs due to self-custody risks, but emphasized there is no direct connection.

According to Cointelegraph, U.S. spot Bitcoin ETFs recorded approximately $1 billion in net inflows this week, marking the strongest weekly performance since April and the third-highest weekly inflow since October last year.

At the same time, a security incident occurred with the Coldcard hardware wallet, resulting in the theft of approximately $116 million in BTC.

Bloomberg ETF analyst Eric Balchunas said some investors may shift to ETFs due to self-custody security risks, but correlation does not imply causation.

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