Is Money Flowing to AI? First U.S. Spot Bitcoin ETF Is Set to Close | CoinDesk Daily

Sam Ewen (0:00)

Cold Card developers issue an urgent warning, and the first ever US-spot Bitcoin ETF is shutting down. This is CoinDesk Daily.

RealFi, a smarter stablecoin backed by real world assets. Join the testnet now at realfi.co. Developers behind the Cold Card wallet are telling users to move their Bitcoin immediately, confirming that the exploit is still in progress. As much as $114 million of user funds have been drained so far. And the company warns that holders who are less online are the most exposed. The flaw traces to firmware that sat dormant since 2021, in cases where a single key controls the funds with no second approval. Hashdex is closing and liquidating its spot Bitcoin ETF in what looks like the first liquidation of a US-spot Bitcoin fund. The fund holds just over $14.7 million.

The smallest of the US-spot Bitcoin ETFs. Inflows have dried up as investors chase AI returns. The spot Bitcoin ETFs have posted net outflows three months running. And BlackRock is expanding its tokenized cash push into Europe, tapping a combined $311 billion in money market funds. The world's largest asset manager unveiled 12 new tokenized share classes across six funds available in 15 European markets. The tokenized real world asset market has grown more than 200% in the past year to over $30 billion. Get more updates on coindesk.com. RealFi, a smarter stable coin backed by real world assets. Join the testnet now at realfi.co.