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  • Crypto index funds are gaining popularity as investors seek exposure to an increasingly complex market, according to Bitwise's Matt Hougan, suggesting a shift toward broader investment strategies.
  • Bitcoin has seen significant outflows from exchanges, with approximately 400,000 BTC moving to individual wallets and institutional investors, indicating a growing trend of accumulation in light of ETF approvals.
  • New regulatory developments are emerging in the U.S. and abroad, with the CFTC launching a pilot program allowing digital assets as collateral in derivatives markets, and Tether gaining recognition for USDT in Abu Dhabi, enhancing its status in the Middle East.
  • Market sentiment is shifting amidst increased institutional interest, with reports of significant ETF inflows and a rise in Bitcoin's value, although key price resistance levels and skepticism among professional traders remain concerning.
  • Concerns about risks for banks with high crypto exposure are noted by Fitch, while regulatory bodies like the OCC express support for integrating crypto entities within the banking system, hinting at a more collaborative future.

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