US spot bitcoin and ether ETFs both turned to outflows on Wednesday in a sign the recovery rally has lost its institutional bid. Bitcoin funds lost $82 million and ether funds $29 million, SoSoValue data shows. The bitcoin outflow was broad this time, with even BlackRock’s IBIT shedding $31 million and ARKB down $44 million, while every ether fund finished in the red.The trigger was the Federal Reserve. Kevin Warsh’s first meeting as chair held rates at 3.50% to 3.75% on Wednesday, as expected, but the projections turned hawkish.The median forecast now sees the policy rate ending 2026 at 3.8%,…

The role of benchmark indexes is to describe and measure markets. Providing transparent rules, documented governance, independent oversight and clear procedures under stress requires rigor and discipline. Index providers adopt these disciplines voluntarily, drawing on standards refined over decades in other asset classes.A new report from the Index Industry Association examines how digital asset indexes are evolving to meet these expectations — and must keep evolving as stablecoins and tokenized assets enter the picture. Transparency is rarely the loudest part of a market, but it tends to be the part that lasts.Principled PerspectivesOne market, not two: CoinDesk’s Dave LaValle on…

AI & Crypto

Read More

Politics

Don't Miss!