Conversely, a multitude of adverse elements have contributed to the prevailing atmosphere this month. The Securities and Exchange Commission (SEC) delivered a blow to Robinhood, marking yet another crypto-related company to face its ire. Additionally, Bitcoin exchange-traded funds (ETFs) experienced a considerable outflow on May 7, which starkly contrasted the previous two days’ influx that exceeded $500 million. Nonetheless, a glimmer of positivity emerged this week as investment firm Susquehanna disclosed its substantial reserve of $1.3 billion in ETFs. At the moment of crafting this article, BTC was being traded at $62,400.
