US Spot Bitcoin ETF Weekly Inflow Hits $1 Billion, Highest in 4 Months

TechFlow news, August 9, according to Cointelegraph, U.S. spot Bitcoin ETFs recorded net inflows of approximately $1 billion this week, marking the strongest weekly performance since April and the third-best week for fund inflows since last October, indicating renewed momentum in institutional demand.

This rebound coincided with the Coldcard hardware wallet security incident, where the vulnerability led to approximately $116 million worth of BTC being stolen. Bloomberg ETF analyst Eric Balchunas pointed out that some investors may be turning to ETFs due to self-custody security risks, but emphasized that correlation does not equal causation; he believes that in the long run, some users may migrate from cold storage to ETF products to avoid technical barriers and security responsibilities.