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Bloomberg

BTC Cold Wallet Hack Bolsters Case for Use of Spot Crypto ETFs

Thursday, August 6, 2026


A Bitcoin cold wallet breach occurred, with the incident cited by some cryptocurrency market participants as an argument for holding Bitcoin through spot cryptocurrency exchange-traded funds rather than in self-custody.

Original reporting: https://www.bloomberg.com/news/newsletters/2026-08-06/btc-cold-wallet-hack-bolsters-case-for-use-of-spot-crypto-etfs

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