# AI Shock Spares Bitcoin, Wall Street Moves On-Chain, and Leveraged Crypto ETFs Explained

Page: https://stenobird.com/podcast/coindesk-podcast-network-334494/ai-shock-spares-bitcoin-wall-street-moves-on-chain-and-leveraged-crypto-etfs-explained
Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/ai-shock-spares-bitcoin-wall-street-moves-on-chain-and-leveraged-crypto-etfs-explained.md
Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494)
Published: 2026-07-20T17:00:00+00:00
Episode link: https://traffic.megaphone.fm/CDI4889235226.mp3
Audio file: https://traffic.megaphone.fm/CDI4889235226.mp3
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## Resource

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Ben Emons, Founder and Chief Investment Officer of FedWatch Advisors, to break down 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. Nadine Chakar, Managing Director and Global Head of Digital Assets at DTCC, explains how the firm moved tokenized securities into live production and outlines DTCC's role as an institutional multi-chain orchestrator ahead of a full commercial launch. The conversation turns to ETF flows, where Bitcoin funds finished last week with $76 million in net inflows despite a $425 million outflow on Monday alone, and Ethereum ETFs outpaced Bitcoin inflows led by $135 million into BlackRock's ETHA. Finally, Bilal Little, Global ETF Strategist at Direxion, unpacks the debut of BTCU and EVMU — the industry's first 2x leveraged spot Bitcoin and Ether ETFs — explains why an ETF wrapper beats margin on a crypto exchange for retail traders, and responds to Bloomberg ETF analyst Eric Balchunas's thesis that Bitcoin ETFs will mirror gold's 22-year "triumph and pain" trajectory. The episode closes with the Fear and Greed Index at 29. - Learn more at https://www.bullish.com/. - Register now for CoinDesk's Policy and Regulation event on September 22, 2026: https://policy-regulation.coindesk.com/. - To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp. - Timecodes: 00:00 Welcome to Public Keys 00:22 Ben Emons (FedWatch Advisors) Joins Public Keys 00:48 China's Kimi K3 Rattles Chip Stocks Friday 01:42 Bitcoin Holds $64K, While AI Sells Off 02:59 Crypto Miners Pivot to AI: HUT8 Up 14% 03:58 Kimi K3…

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