The US-listed Bitcoin exchange-traded fund recorded its strongest weekly inflow since April, attracting more than 850 million US dollars last week. This surge in capital inflows comes after the Coldcard wallet made by the Canadian company Coinkite was revealed to have security flaws and the theft of about 130 million US dollars of Bitcoin was revealed. The hacking incident prompted some analysts to believe that investors may be turning to Wall Street regulated crypto products as a more attractive option.

The US-listed Bitcoin exchange-traded fund recorded its strongest weekly inflow since April, attracting more than 850 million US dollars last week. This surge in capital inflows comes after the Coldcard wallet made by the Canadian company Coinkite was revealed to have security flaws and the theft of about 130 million US dollars of Bitcoin was revealed. The hacking incident prompted some analysts to believe that investors may be turning to Wall Street regulated crypto products as a more attractive option.