Bitcoin and Ether ETFs recorded $1.1B in inflows during their best week since April, partly driven by investor response to the Coldcard wallet exploit.
Macro & Markets ·
Bitcoin and ether ETFs attracted $1.1 billion in inflows during their strongest week since April, according to Bloomberg analyst Eric Balchunas, who attributed the surge partly to the Coldcard wallet exploit. Several Bitcoin funds recorded daily inflows following the hack, suggesting investor reallocation or renewed interest in regulated fund vehicles.
The inflow activity stands out given prevailing low trading volumes in the broader market. The magnitude of these inflows—the largest since April—indicates concentrated investor activity during a period when overall market participation typically remains subdued.
Whether the flows represent a sustained shift in investor behavior or a reaction specific to security concerns around self-custodied assets remains unclear. The timing suggests a temporary catalyst, but patterns over coming weeks will clarify whether this marks a longer-term trend toward ETF-based exposure.