According to CoinMeta, Wu said that Nate Geraci, the founder of ETF Educator, stated that recent security incidents involving Coldcard may prompt some Bitcoin holders to switch to US spot Bitcoin ETF and to re-evaluate the risks between personal self-hosting and institutional hosting. Geraci mentioned that large ETF issuers, as well as institutional hosting systems such as Coinbase, Fidelity, BitGo, and Anchorage, which were previously viewed by some native Bitcoin users as disadvantages, could instead become an advantage in attracting funds after this incident. He emphasized that the security incident is not related to the Bitcoin network itself but rather involves the way some Coldcard devices generate wallet seed phrases. Currently, there is no evidence to suggest that this incident has led to a large-scale inflow of ETF funds.