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Bitcoin ETFs gain fresh case after $89M Coldcard drain, says Balchunas

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FOMOGRAM Editorial Desk
Aug 2, 2026
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Bitcoin ETFs gain fresh case after $89M Coldcard drain, says Balchunas
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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