Bitcoin News
By Maheen Hernandez
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The "Silent IPO" Is Back. The phrase "silent IPO" was coined last November by investor Jordi Visser.
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Coldcard's Breach and What It Changes. The Coldcard incident is worth slowing down on. Hardware wallets have long been considered the…
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ETF Demand After Months of Volatility. Earlier periods this year saw real softness in Bitcoin ETF demand.
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US spot Bitcoin ETFs just had their best week since April. Net inflows hit roughly $1 billion, making it the third-strongest week for these products since last October, per…
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That's a big number. And it lands at a strange moment — right as one of the most trusted names in Bitcoin hardware wallets is dealing with a serious theft.
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The phrase "silent IPO" was coined last November by investor Jordi Visser. He used it to describe a quiet but powerful transition: Bitcoin moving out of the hands of early…
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That trend seemed to cool off for a stretch. Inflows were choppy, demand was inconsistent, and regulatory uncertainty kept some institutional players on the sidelines.
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Whether it's Visser's thesis playing out again or something more reactive to the Coldcard situation, the money is moving. And it's moving into ETFs, not hardware wallets.
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The Coldcard incident is worth slowing down on. Hardware wallets have long been considered the gold standard for Bitcoin security — offline, air-gapped, no exchange risk.
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The flaw wasn't in the hardware itself, but in the process that generates the cryptographic keys protecting the funds. That's arguably worse.
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See also: Binance Bitcoin Futures Hit $57.82B — Eight Times the Spot Market Volume
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Self-custody has always come with a trade-off. You control your keys, you control your Bitcoin — but you also carry all the risk.
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ETFs don't require any of that. No seed phrases, no hardware, no firmware updates to worry about. The custodian handles security.
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Balchunas didn't claim the Coldcard breach caused the ETF inflow spike. But he said the timing suggests investors may be rethinking their storage options. That's probably fair.
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Earlier periods this year saw real softness in Bitcoin ETF demand. Institutional interest wasn't gone, but it wasn't consistent. Some weeks saw outflows.
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