Spot Bitcoin ETF outflows top $490M: Is BTC’s rally losing momentum?
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- Spot Bitcoin ETFs logged $490 million net outflows over three days (Mon‑Wed), reversing two weeks of inflows.
- S&P 500 futures surged past 7,100, marking an all‑time high while Bitcoin fell 14% YTD.
- Brent crude rose to $126 per barrel as Iran’s shutdown of the Strait of Hormuz tightened supply and pushed U.S. five‑year yields to 4.02%.
- Strategy bought 56,235 BTC in early April, raising its average cost to $75,537 per coin.
- Donald Trump faces a $20 billion legal showdown, with three senators demanding an inquiry into his family’s crypto profits.
Why it matters: Institutional investors lose $490 M from Bitcoin ETFs, hurting crypto fund managers; the shift to equities amid $126 oil and a 7,100‑plus S&P 500 boosts stock liquidity, weakening Bitcoin’s price support.
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