Analysis: Bitcoin ETF outflows exceeded $800 million in April, institutions turned to U.S. debt hedging

According to CoinDesk, despite social media calls to "sell bonds and buy coins", US-listed bitcoin spot ETFs have accumulated outflows of more than $800 million in April, or the second-highest monthly outflow in history. During the same period, US invited tenders responded enthusiastically, and the interest rate on three-month Treasury bonds rose to 4.225%. Institutions continued to increase their holdings of short-term US bonds to cope with the market uncertainty caused by Trump's tariff policy.