Coldcard Hack Triggers $382 Million ETF Inflow Surge

A $130 million hack of Coldcard has led to increased interest in Bitcoin exchange-traded funds (ETFs).

The Coinkite-manufactured hardware wallet, known for its security features, was compromised, resulting in the theft of customers' Bitcoin holdings.

However, it's essential to note that the underlying Bitcoin blockchain itself wasn't hacked and continues to operate as usual.

Despite this, investors have been flocking to spot Bitcoin ETFs, with $382 million in combined inflows on August 3 and 4. The iShares Bitcoin Trust received 74% of these inflows, while the Fidelity Wise Origin Bitcoin Fund took in 14%.