Bitcoin ETFs just pulled $2 billion in 8 days while short-term holders quietly started selling
CoinDesk·60-word summary·1 min read
Bitcoin ETFs experienced a significant shift, pulling out $2 billion over eight days in April 2026. Despite the first consecutive 8-day inflow streak since October, on-chain data shows short-term holders are quietly selling, with profit-taking at three times the rate seen at previous local tops this year. This indicates cautious investor behavior amid ongoing market volatility.
Institutional investors have poured $2 billion into Bitcoin ETFs over just eight days, indicating strong interest despite skepticism in prediction markets. This rapid inflow highlights growing institutional confidence in Bitcoin investment products, potentially signaling future market shifts. The trend underscores the increasing mainstream acceptance of crypto ETFs as a viable asset class.
European regulators, including EBA and ESMA, assert that DeFi projects are not exempt from MiCA regulations, despite claims of decentralization. They focus on operational control rather than technical architecture, making the "fully decentralized" exemption narrowly applicable. This interpretation emphasizes that DeFi projects must comply with MiCA if regulators determine they retain operational control, challenging the notion of complete decentralization.
Former President Donald Trump has moved to reclassify medical marijuana, creating regulatory uncertainty that impacts prediction markets. The decision, announced in April 2026, has delayed potential economic benefits from legalization and has caused market confidence to waver. The move underscores ongoing policy debates surrounding cannabis regulation and its influence on the crypto and prediction markets.
The DOJ charged Army soldier Gannon Ken Van Dyke for using classified Maduro-related intelligence to make approximately $409,881 from 13 Polymarket bets. Prosecutors allege he exploited sensitive information before Maduro’s capture. The CFTC also filed a civil case seeking penalties and restitution. Polymarket cooperated with authorities and referred the case to the DOJ.
Morgan Stanley launched the “Stablecoin Reserves Portfolio” on April 24, 2026, a money market fund for stablecoin issuers. The fund requires a minimum investment of $10 million and invests in cash, US Treasury securities, and overnight repurchase agreements. It aims to comply with the GENIUS Act stablecoin legislation, signaling increased institutional involvement in crypto assets.
Jane Street filed to dismiss Terraform Labs’ insider trading lawsuit in Manhattan federal court. Terraform’s founder, Do Kwon, pleaded guilty to conspiracy and wire fraud, receiving a 15-year sentence. The lawsuit alleges insider trading, but Jane Street claims its trades occurred after the alleged fraud, intensifying legal battles in crypto markets.
