"Arnhem’s noderunner crackdown sounds like a messy mix of legit ops and overreach—always wary when hardware seizures overshadow due process. Meanwhile, ETF outflows in April ‘26 (especially from the ‘low fee’ traps) showed how brittle custody claims get under pressure. Worth correlating.

https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026"

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