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Crypto

Bitcoin Steadies Near $64K as ETF Inflows Offset Custody Worries

Guavy AI Editorial Team
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BTC
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Bitcoin's price has steadied near $64,200, up 0.48% over the past day, according to live CoinMarketCap data. The token has been holding firm after a choppy start to August.

The US spot Bitcoin ETFs have seen $170.1 million in fresh inflows on Monday, ending a prior redemption streak. BlackRock's IBIT led the pack with $111.4 million, followed closely by Fidelity's FBTC at $33.4 million in fresh capital.

Despite the positive ETF flows, custody concerns linger due to a Coldcard firmware flaw that has been linked to over $100 million in stolen Bitcoin this month. Security researchers warn that updating firmware alone does not protect funds already exposed to the flaw.

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