🚨 BlackRock's Bitcoin ETF hits a freezing point in terms of flow, North Korean hackers may become a new threat to fund management companies!
💰 BlackRock's Bitcoin ETF had zero capital flow on four of the last five trading days, and net outflows reached $13.5 million on August 29 alone.
📉 At the same time, the Bitcoin and Ethereum ETFs in the United States are also facing capital outflow problems. Just on Tuesday, the Bitcoin ETF had an outflow of $287.78 million, and the Ethereum ETF had an outflow of $47.4 million.
📊 According to Farside Investors, BlackRock's Bitcoin ETF has had no inflows since August 27, with $13.5 million outflows on August 29 alone. However, since its launch on January 11, the total net inflow of this ETF is still considerable, close to $21 billion.
📈 Currently, trading volume in the entire cryptocurrency market also appears to be somewhat sluggish. Total volume on Tuesday was $1.56 billion, just a bit more than the $1.54 billion on Monday, the day after Labor Day.
🔒 More worryingly, the FBI has warned that North Korean hackers are targeting companies involved in the bitcoin ETF market and are using their high-tech hacking methods to conduct cyberattacks.
🌐 North Korean hackers have long been a major concern for the cryptocurrency industry. For example, the Lazarus Group, a notorious hacker group that has been linked to multiple attacks, often uses tools like Tornado Cash to mask the flow of stolen funds.
🔍 Blockchain data company Chainalysis recently reported that the Lazarus Group steals hundreds of millions of dollars in cryptocurrency each year by attacking exchanges and DeFi platforms.
🛡️ In the face of such threats, especially for companies that manage large amounts of cryptocurrency, security measures must be strengthened. At the same time, individual investors must also be vigilant, as hackers are now increasingly targeting individuals for targeted attacks.
💬 What do you think about the BlackRock Bitcoin ETF's flow issues and the new threat from North Korean hackers? Leave your opinions in the comments!
