Bitcoin is registering its worst month since the collapse of Sam Bankman-Fried’s FTX empire as the euphoria around US exchange-traded funds for the largest digital asset subsides. The original cryptocurrency is down 14% in April, the most since it slumped 16% in November 2022. The US-ETF induced mania took Bitcoin to a record high of almost $74,000 in March, but as demand for risky investments takes a knock from fading hopes for Federal Reserve interest-rate cuts, inflows to the products has come down significantly. As of April 29, the month has seen a net outflows of $182 million from the 11 US spot ETFs. The funds ... (full story)