Are investors be moving their funds from cold storage to Bitcoin exchange-traded funds managed by the likes of BlackRock following the massive Coldcard exploit?

The hack, which has drained 1,816 Bitcoin across 5,200 addresses, is devastating because it affected hyper-secure cold storage wallets.

Bitcoin advanced as the market settled down following the weekend’s hack of Coldcard wallets and sales by Strategy even as sentiment remained in “extreme fear.”