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“Sell in May and go away” is the idea that stocks reliably underperform between May and October, and it describes a market that might no longer exist.

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Crypto markets digested a fresh round of regulatory and security headlines on Tuesday ET, as U.S. spot Bitcoin (BTC) and Ethereum (ETH) ETFs posted net outflows while South Korea's tax authority moved to operationalize a long-delayed crypto tax regime set to take effect in 2027. In the U.S., spot Bitcoin ETFs recorded a combined net outflow of $89.6754 million on April 28 ET, according to SoSoValue data cited by PANews.

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BlackRock's iShares Bitcoin Trust (IBIT) has led spot Bitcoin (BTC) exchange-traded funds (ETFs) and other United States-based institutional investors into renewed selling pressure as of April 29.

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A new product from Mezo, backed by Anchorage Digital and seeded by Bullish, highlights a broader shift as institutions seek yield on bitcoin without sacrificing custody or control.