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Bitcoin ETFs gain fresh case after $89M Coldcard drain, says Balchunas
FG
FOMOGRAM Editorial Desk
Aug 2, 2026
EXECUTIVE SUMMARY
Bloomberg analyst Eric Balchunas says the $88.6M Coldcard drain strengthens Bitcoin ETFs, although institutional custody still carries risk.
Bloomberg analyst Eric Balchunas says the $88.6M Coldcard drain strengthens Bitcoin ETFs, although institutional custody still carries risk.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
The Coldcard incident may bolster the case for Bitcoin ETFs, potentially attracting institutional investment despite custody risks.
BTC OVERALL MARKET INDEX: 75 / 100 (BULLISH)
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