Bitcoin Lost $116M. Then $853M Ran to ETFs Instead
Bitcoin Well Podcast
- Published
- August 12, 2026
- Duration
- 1h 7m
- Summary source
- description
- Last updated
- Aug 12, 2026
Discusses society, culture.
Summary
$116 million vanished from "self-custody" wallets after a ColdCard firmware bug quietly broke wallet randomness for five years. The response from the market was almost nobody expected: $853 million flowed into Bitcoin ETFs the same week — the most custodial option available. Eric Yakes (author of The 7th Property) and Trey Sellers (Fire BTC) join us for a…
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Show notes
$116 million vanished from "self-custody" wallets after a ColdCard firmware bug quietly broke wallet randomness for five years. The response from the market was almost nobody expected: $853 million flowed into Bitcoin ETFs the same week — the most custodial option available. Eric Yakes (author of The 7th Property) and Trey Sellers (Fire BTC) join us for a two-part conversation: what actually happened with ColdCard and what to do about it, why the ETF flows might be Bitcoin's most interesting con
Themes
- society
- culture