On this episode of CoinDesk’s Public Keys at the New York Stock Exchange, Jennifer Sanasie is joined by CoinDesk Indices President Dave LaValle to unpack a $2.97 billion outflow streak from Bitcoin ETFs and what it really means for institutional adoption.Bloomberg Intelligence Senior ETF Analyst Eric Balchunas joins the show to explain why the recent outflows may be more noise than signal, share his bullish outlook on the fast-rising HYPE ETFs, and discuss how firms like Morgan Stanley, Goldman Sachs, and BlackRock are expanding access to Bitcoin through new investment products.In this week’s 10X segment, LaValle breaks down the fundamentals of margin trading, explaining what separates professional traders from retail investors when it comes to managing leverage, risk, and conviction.Plus, Stellar Development Foundation CEO and Executive Director Denelle Dixon discusses DTCC’s decision to select Stellar as the first public blockchain connected to its upcoming tokenized securities settlement platform, and what it means for the future of tokenization and institutional blockchain adoption.

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This episode of Public Keys is brought to you by Kraken. For more: ⁠⁠https://pro.kraken.com/⁠⁠

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Timecodes:

00:00 Welcome to Public Keys

00:54 Jamie Dimon vs Brian Armstrong on Stablecoin Yields

03:21 Bitcoin ETFs Shed $2.97B in Outflows

05:50 BTC ETFs Post Worst Week Since January

06:50 Grayscale Amends HYPE ETF Filing

08:36 Bloomberg Intelligence’s Eric Balchunas Joins Public Keys

09:39 Why BTC ETF Outflows Are Just ‘Noise’

13:00 Wall Street’s New BTC Products: Goldman, Morgan Stanley, iShares

15:33 HYPE Is the ‘Hansel from Zoolander’ of Crypto ETFs

17:57 Will SpaceX ETFs Pull Capital from Crypto?

20:42 10X: What Separates Pro Traders from Retail

22:25 Knowing Your ‘Out’: The Biggest Mistake in Margin Trading

25:06 Stellar Development Foundation’s Denelle Dixon on the DTCC Tokenization Deal

26:14 Stellar Hits $3B in Tokenized Assets in Five Months

28:46 Can Blockchains Handle DTCC-Level Volume?

30:21 Digital Twins and the Issuer-Led Tokenization Question

31:50 Will One Blockchain Win the RWA Race?

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This episode was hosted by Jennifer Sanasie.