According to online reports, according to CoinDesk, despite social media calls for "selling bonds and buying coins," US-listed Bitcoin spot ETFs had a cumulative outflow of more than US$800 million in April, or the second-highest monthly outflow in history. During the same period, the U.S. bond bidding received enthusiastic responses, with the three-month bond interest rate rising to 4.225%. Institutions continued to increase their holdings of short-term U.S. bonds to cope with the market uncertainty brought about by Trump's tariff policy.