• Bitcoin funds are losing coins despite expectations of Federal Reserve pivot in favor of liquidity easing.
• The number of coins held by close-ended funds, spot and futures-focused exchange-traded funds in Europe, the U.S. and Canada has declined by 16,560 BTC ($409 million) this month, reaching a 17-month low of 826,113 BTC.
• Bankrupt cryptocurrency exchange FTX transferred $2.2 billion to founder Sam Bankman-Fried through various entities, with a total of $3.2 billion paid to Bankman-Fried and other key employees.
• U.S. Securities and Exchange Commission Chairman Gary Gensler believes proof-of-stake tokens could meet the definition of securities under the Howey Test, thus bringing them under his agency’s regulatory authority.

The article presents a mix of negative and neutral sentiment. The decline in Bitcoin funds and FTX's collapse are negative, while the discussion of regulatory authority is neutral.