Bitcoin and Ethereum ETFs: Inflows, Leverage, and Institutional Moves
The latest CoinDesk episode covered Bitcoin ETF net inflows of $76M despite Monday's $425M outflow, Ethereum ETF inflows led by BlackRock's $135M, the launch of first 2x leveraged spot Bitcoin and Ether ETFs, and DTCC's move to live production of tokenized securities.
Key Numbers
On the latest episode of CoinDesk's Public Keys from the New York Stock Exchange, Ben Emons, Founder and CIO of FedWatch Advisors, discussed the market fallout from Moonshot AI's Kimi K3 and why the Fed is now actively debating rate hikes rather than cuts ahead of the August 7th CLARITY Act deadline.
Bitcoin and Ethereum ETF Flows
Bitcoin ETFs finished last week with $76 million in net inflows despite a $425 million outflow on Monday alone. Ethereum ETFs outpaced Bitcoin inflows, led by $135 million into BlackRock's ETHA.
Institutional Tokenization and DTCC
Nadine Chakar, Managing Director and Global Head of Digital Assets at DTCC, explained how the firm moved tokenized securities into live production and outlined DTCC's role as an institutional multi-chain orchestrator ahead of a full commercial launch.
First 2x Leveraged Crypto ETFs
Bilal Little, Global ETF Strategist at Direxion, unpacked the debut of BTCU and EVMU — the industry's first 2x leveraged spot Bitcoin and Ether ETFs. He explained why an ETF wrapper beats margin on a crypto exchange for retail traders and responded to Bloomberg ETF analyst Eric Balchunas's thesis that Bitcoin ETFs will mirror gold's 22-year "triumph and pain" trajectory.
Fear and Greed Index
The episode closed with the Fear and Greed Index at 29, indicating extreme fear in the market.
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