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Bitcoin ETFs gain fresh case after $89M Coldcard drain – TON BOT

Bitcoin ETFs gain fresh case after $89M Coldcard drain

Bloomberg Intelligence analyst Eric Balchunas believes the recent Coldcard security failure supports the case for U.S. spot Bitcoin ETFs, especially for investors seeking long-term price exposure without managing private keys. The incident led to the loss of $88.6 million in Bitcoin, prompting questions about the security of hardware wallets. ETFs offer institutional custody and reduced risk for investors.


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