Zero flows in 4 out of 5 days

On Tuesday, BlackRock's iShares Bitcoin ETF recorded another day of zero inflows, while US spot Bitcoin (BTC) ETFs continued their negative inflow growth.

At the same time, US officials have warned of the potential threat from North Korean hackers to crypto companies, particularly those involved in the expanding Bitcoin ETF market.

BlackRock records zero flows on 4 out of 5 trading days

According to Farside Investors, the BlackRock Spot Bitcoin ETF has not recorded any inflows since Aug. 27, with the exception of Aug. 29, when it saw $13.5 million in outflows. Still, the ETF's total inflows since its Jan. 11 launch are approaching $21 billion.

Meanwhile, SosoValue data showed net inflows of 12 spot Bitcoin ETFs hit $287.78 million on Tuesday, the largest since May 1.

Additionally, total trading volume stood still, hitting $1.56 billion on Tuesday, slightly higher than Friday's $1.54 billion, following the US Labor Day holiday.

Read more: How to trade Bitcoin ETF: A step-by-step approach

On the other hand, Ethereum ETFs extended the outflow chain with a negative flow of up to $47.4 million on Tuesday. In particular, this marked the all-important daily negative flows since August 2. However, ETF analyst Eric Balchunas is optimistic, saying there is light at the end of the tunnel.

“In the first month, the Ether ETF went backwards – $476 million of newbies could not beat the opening of Ethereum, a very powerful force (that's why I reiterated how heroic the new nine bitcoins were), but the good news is. The opening will end, there is light at the end of the tunnel,” said Balchunas. He wrote.

North Koreans are targeting US Bitcoin ETFs, FBI says.

Balchunas' statement comes amid a spate of grayscale customer recoveries. At the same time, the US Federal Bureau of Investigation (FBI) has put additional pressure on the crypto space by revealing that North Korean criminals are targeting the US Bitcoin ETF market.

According to the FBI, North Korean criminals are using sophisticated technical methods to target employees in the crypto industry, particularly Bitcoin ETF firms and DeFi companies. According to the agency's official statement, the criminals are engaging in “hard-to-detect social engineering campaigns.”

These strategies include extensive pre-operative research, personalized mock scenarios, and simulation. The FBI's announcement also listed several warning signs of the threat and provided a list of mitigations to help prevent these attacks.

In hindsight, North Korean hackers have a long history of targeting crypto-related organizations and protocols. One of the most notorious government-sponsored hacking organizations, the Lazarus Group has been linked to many attacks. It often uses tools like Tornado Cash to hide the movement of stolen funds.

Blockchain intelligence firm Chainalysis recently reported that the Lazarus group attacks exchanges and DeFi platforms and steals hundreds of millions of dollars in crypto every year. Notable events include the $117 million Poloniex hack and the $37.3 million CoinPay attack.

Read more: Top 7 Tornado Cash Options in 2024

Given the growing threat from North Korean cyber actors, especially companies that manage large amounts of cryptocurrency, companies should strengthen security measures. Investors should also be vigilant as hackers target individuals who attack.