Bitcoin ETF Outflows Reach Six-Week High Amid Cold Wallet Hack

US-listed spot Bitcoin funds experienced their largest weekly outflow since late June, pulling in $389.7 million less than a week after attracting $853.5 million in new investments.

The sudden reversal came on the heels of a rare security breach involving cold wallets, which are typically marketed as one of the safest ways to hold digital assets.

The hack renewed investor focus on digital asset security, leading some to reassess their exposure to Bitcoin investment.

According to data compiled by Bloomberg, this marks a significant shift in investor behavior, with flows moving rapidly from strong buying to sharp redemptions within days.