Beyond IBIT: Bitcoin’s surprising link to sports betting ETF is getting harder to ignore
Bitcoin and the Roundhill Sports Betting ETF (BETZ) show 0.91 correlation, with BETZ often peaking weeks before BTC trend reversals. This reinforces bitcoin's status as a risk-sensitive macro asset rather than safe-haven, mirroring equity market behavior. BETZ's recent decoupling from rising BTC prices warrants monitoring by traders and Indian crypto investors tracking market sentiment shifts.
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Exodus dumps 1,000 bitcoin: Why the crypto wallet is cashing out to fund a payments empire
Exodus Movement liquidated 1,076 Bitcoin (63% of holdings) in Q1 2026, raising $73.2 million to fund its W3C payments acquisition. The crypto wallet provider's revenue fell 36.8% to $22.7 million while net losses widened to $32.1 million, driven by cryptocurrency market declines. The strategic pivot signals Exodus's shift from self-custody toward payments infrastructure, accumulating $70 million in dollar reserves for deal closure.