Capital is rotating out of BTC and ETH ETFs and flowing into HYPE, SOL, and XRP. On this week's Public Keys from CoinDesk at the NYSE, Bitwise's Ryan Rasmussen makes the bullish case for HYPE. David Schamis breaks down how leverage works in crypto trading, and Matt Kaufman from Calamos explains how protected Bitcoin ETFs help investors avoid downside. All hosted by Jenn Sanasie. Here's the full breakdown: 00:00 Welcome to Public Keys 00:30 BTC bounces as US-Iran peace talks ease oil prices 01:00 SpaceX S-1 reveals 18,712 BTC on its balance sheet 01:45 SEC delays exemption for tokenized stock innovation 02:05 Kevin Warsh's first week as Fed Chair begins 02:30 HYPE ETF sees $72M outflow, Bitwise's Ryan Rasmussen joins 06:30 Bull and bear case for Hyperliquid 11:30 Asset managers rotate beyond BTC and ETH 14:30 Margin trading 101 with David Schamis 17:00 Crypto margin vs equities and time traps 19:30 24/7 trading and the rise of AI agents 23:30 BTC ETFs lose $1.26B, capital shifts to HYPE, SOL, XRP 25:30 Calamos' Matt Kaufman on protected Bitcoin ETFs 28:30 Advisors moving from spot BTC to protected products 30:00 Calamos ETF roadmap 32:30 Fear & Greed Index sits at 34 Big thanks to our sponsor Kraken. The narrative is shifting. Smart money is looking beyond the big two. Are you paying attention?