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BTCBULLISH

Why $89 Million Coldcard Drain Is Bullish for Bitcoin ETFs, Bloomberg Analyst Explains

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FOMOGRAM Editorial Desk
Aug 2, 2026
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Why $89 Million Coldcard Drain Is Bullish for Bitcoin ETFs, Bloomberg Analyst Explains
EXECUTIVE SUMMARY

Bloomberg’s Eric Balchunas shares his take on a $89 million drain from Coldcard hardware wallets and how it provides the ultimate bull case for regulated spot Bitcoin ETFs.

Bloomberg’s Eric Balchunas shares his take on a $89 million drain from Coldcard hardware wallets and how it provides the ultimate bull case for regulated spot Bitcoin ETFs.

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