Co-author Jérôme de Tychey said industry participants and core contributors convinced him a scoping process was the wrong venue for an issuance change.

Meanwhile, U.S. spot Ethereum ETFs saw $59.6 million in net outflows on Wednesday, led by $26.6 million exiting Fidelity's FETH fund.

Core PCE rose just 0.2% in August, easing pressure for an October Fed hike. Bitcoin trades near $83,700 as rising Treasury yields cap gains.