US Spot Bitcoin ETFs Post Best Week Since April

US spot Bitcoin ETFs pulled in roughly $1 billion in net inflows this week, marking their strongest performance since April and the third-best week since last October. The rebound comes after months of uneven demand and arrives alongside ongoing questions about digital asset regulation and the safety of storing crypto independently.

A “Silent IPO” in Motion

Analysts have described the past several months as Bitcoin’s “silent IPO,” a phrase used to explain a shift in who holds the asset. Under this view, early Bitcoin investors have been gradually selling into rising demand from ETFs and other institutional buyers. That steady selling added enough supply to keep prices relatively steady even as new money flowed in and it also lines up with the recent slowdown in ETF demand, which makes this week’s jump stand out even more.

Coldcard Hack Puts Self-Custody Back in the Spotlight

The rebound follows a major breach involving Coldcard, a widely used Bitcoin hardware wallet. Roughly $116 million in Bitcoin was stolen after attackers exploited a flaw in how some devices generated wallet keys, compromising funds on wallets built with vulnerable firmware.

Some market watchers believe the incident may be pushing more investors toward ETFs instead of managing their own private keys. While the link between the hack and this week’s inflows can’t be proven directly, one analyst noted that over time, some self-custody holders will likely move toward ETFs instead.