Bitcoin ETFs See $800 Million Inflow After Coldcard Exploit

Key facts

• Bitcoin ETFs recorded inflows of approximately $800 million.
• The inflows occurred in the wake of a security exploit affecting Coldcard hardware wallets.
• Victims of the Coldcard exploit reported a median loss of 1 BTC.
• The total value of Bitcoin stolen in the Coldcard exploit is estimated to be over $111 million.

Bitcoin ETFs experienced significant inflows totaling nearly $800 million, occurring in the aftermath of a security exploit targeting Coldcard hardware wallets. Despite the exploit, which has led to victims reporting a median loss of 1 BTC and total theft exceeding $111 million, investor confidence in Bitcoin ETFs remained strong. The price of Bitcoin saw an increase, attributed to continued investment in ETFs, even amidst the security incident and delays in the Clarity Act legislation.