$BTC — Analysts from Cantor Fitzgerald, TD Cowen, and Compass Point commented on the record-breaking $6.4 billion theft, describing the incident as a Binance security issue rather than a systemic threat to the entire crypto asset class. In light of this, analysts recommend that clients consider alternative instruments, such as shares of Coinbase, Robinhood, and Strategy, which serve as proxies for gaining exposure to the Bitcoin market without directly owning digital assets.

Source: decrypt.co