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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.
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