After a $130 Million Hack of Coldcard, Money Is Flowing Into Bitcoin ETFs. Here's the Best Bitcoin ETF to Buy Right Now.
Institutions might start to win more trust from investors.
Overview
Since the start of August, Bitcoin's (CRYPTO: BTC) price has fallen about 1% (as of Aug. 5). This small move doesn't take way from the fact that Coinkite, the maker of a highly regarded self-custody hardware wallet called Coldcard, is experiencing an ongoing hack that has so far seen $130 million worth of customers' Bitcoin stolen.
At the same time, money has been flowing to Bitcoin spot exchange-traded funds (ETFs), with $382 million of combined inflows registered on Aug. 3 and Aug. 4. If you're figuring out which ETF is the best one to buy, continue reading.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.