Bitcoin ETFs see record weekly inflows following Coldcard hack
US spot Bitcoin ETFs recorded their strongest weekly inflows since April, totaling between $850 million and $1 billion. This surge in institutional demand occurred following a significant security breach involving Coldcard hardware wallets, which resulted in estimated losses of $116 million to $130 million across more than 5,200 addresses.
BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows, accounting for approximately $693 million of the total. Other major providers, including Fidelity and Morgan Stanley, also saw increased activity. BlackRock’s Robert Mitchnick noted that investors are increasingly seeking turnkey, regulated investment vehicles to avoid the technical and security complexities of private key management. He clarified that the Coldcard incident was a matter of individual security mismanagement rather than a breach of the Bitcoin protocol itself.
Despite the massive capital inflows, Bitcoin’s price has remained relatively stable, trading near the $63,000 to $65,000 range. Market analysts observe that while institutional interest is rising, the market is also facing pressure from high long exposure in derivatives and significant selling from certain large holders.
Entities
Binance · Bitcoin · Bitcoin · BlackRock · Coldcard · Federal Reserve · Fidelity · MicroStrategy · Robert Mitchnick · U.S. Bureau of Labor Statistics
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 5 SOURCES] The Coldcard hack resulted in losses estimated between $116 million and $130 million in Bitcoin. en.coin-turk.com · cryptobriefing.com · bitcoinmagazine.com · www.btc-echo.de · techbullion.com
- [● 3 SOURCES] BlackRock’s iShares Bitcoin Trust (IBIT) accounted for approximately $693 million of the weekly ETF inflows. cryptobriefing.com · techbullion.com
- [● 2 SOURCES] Bitcoin price has recently traded in the $63,000 to $65,000 range. cryptobriefing.com · bitcoinmagazine.com
- [● 6 SOURCES] US spot Bitcoin ETFs saw weekly inflows between $850 million and $1 billion. en.coin-turk.com · cryptobriefing.com · londonlovesbusiness.com · bitcoinmagazine.com · coincu.com
- [● 3 SOURCES] The surge in ETF inflows followed a security breach involving Coldcard hardware wallets. en.coin-turk.com · cryptobriefing.com · bitcoinmagazine.com
- [● 2 SOURCES] US spot Bitcoin ETFs hold nearly $80 billion in assets under management. bitcoinmagazine.com · en.coin-turk.com
- [● 2 SOURCES] BlackRock's Robert Mitchnick stated the Coldcard incident was a security mismanagement issue rather than a breach of the Bitcoin protocol. en.coin-turk.com · bitcoinmagazine.com
- [● 2 SOURCES] BlackRock reported that ETF investors are consistently buying and holding Bitcoin long-term during market downturns. en.coin-turk.com · bitcoinmagazine.com
- [○ 1 SOURCE] The Coldcard hardware wallet hack affected more than 5,200 addresses. techbullion.com
- [● 2 SOURCES] Bitcoin long exposure reached a record 361,000 BTC, valued at approximately $23.4 billion. ambcrypto.com
- [● 4 SOURCES] US spot Bitcoin ETFs recorded their largest weekly inflow since April. en.coin-turk.com · cryptobriefing.com · londonlovesbusiness.com · bitcoinmagazine.com