According to The Kobeissi Letter, the S&P 500 ETF (VOO) recorded $20.9 billion in net inflows last month, setting a 15-year record and more than tripling the $6.4 billion of March. Bloomberg notes this ranks as the fifth largest monthly inflow for any fund in history. For crypto traders, this unprecedented move of capital into equities highlights shifting institutional risk appetite and could dampen short-term flows into digital assets, especially Bitcoin and Ethereum, as investors prioritize traditional markets. However, sustained equity inflows may eventually rotate profits back into crypto, increasing volatility and trading opportunities. (Source: The Kobeissi Letter via Twitter, Bloomberg)