$382M Bitcoin ETF Inflows Follow Coldcard Hack as Custody Debate Grows

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$382M Bitcoin ETF Inflows Follow Coldcard Hack as Custody Debate Grows — Image source: Unblock Media

US spot Bitcoin ETFs see $382 million in inflows after Coldcard wallet breach
Coldcard hack affects 7,300 addresses, spurring renewed scrutiny of crypto custody

On August 5, 2026, Cointelegraph reported that US spot Bitcoin exchange-traded funds (ETFs) attracted $382 million in inflows over two days, as investors responded to heightened concerns over crypto asset custody following a major Coldcard hardware wallet hack.

Galaxy’s Bitcoin ETF (BTCO) recorded its first recovery since July 1, coinciding with intensifying industry discussion about the security of self-custody solutions. The Coldcard breach reportedly compromised up to 7,300 wallet addresses, resulting in an estimated $130 million in potential Bitcoin losses. This incident has prompted both industry players and investors to reassess their approaches to digital asset storage.

In the aftermath, focus on the risks of self-custody has grown. A growing number of investors are now turning to regulated ETF products to manage their Bitcoin exposure, viewing ETFs as a potentially safer alternative amid ongoing market volatility and security threats.

As of August 5, 2026, 15:09 UTC, Bitcoin (BTC) trades at $64,491.70, with a 0.73% change in 24-hour trading volume, according to CoinMarketCap.