US spot Bitcoin ETFs post best week since April with $1B inflows
The spot Bitcoin exchange-traded funds registered their third-strongest showing since October as institutional demand showed signs of renewed momentum.
US spot Bitcoin exchange-traded funds (ETFs) posted their best week since April, attracting $1 billion in net inflows. This surge signals a renewed investor appetite, even amid uncertainties surrounding digital asset regulation and crypto self-custody security. Bloomberg ETF analyst Eric Balchunas noted the strong showing, labeling this period as Bitcoin's "silent IPO."
The inflows came despite a major security incident involving Coldcard, a popular Bitcoin hardware wallet, which resulted in approximately $116 million worth of Bitcoin being stolen due to a flaw in its firmware. Balchunas suggested that the incident may ultimately bolster the appeal of spot Bitcoin ETFs among investors uneasy about the technical responsibilities of self-custody.
He pointed to the spike in ETF inflows following the hack as a potential link, though unproven, to long-term migration from cold storage to ETFs.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
