Bitcoin $116M self-custody exploit, ETF inflows rebound

The juxtaposition matters more than either event: a large self-custody loss lands alongside renewed ETF inflows and corporate accumulation plans, sharpening the divide between custody models rather than settling it. The miner pivot toward AI deals suggests capital and infrastructure are drifting toward revenue that isn't purely bitcoin-price dependent. Whether that diversification continues, and whether self-custody incidents shift flows further toward regulated vehicles, is the open question.