- Daily Dispatch
- Posts
- An abundance of caution ⚠️
An abundance of caution ⚠️
Bitcoin ETFs shed $645 million this week, as institutional investors adopted a "cautious" stance ahead of the Jackson Hole meeting this week.
Stephen Graves
August 20, 2025
Together with
📝 What you need to know
Bitcoin ETFs have already seen outflows of $645 million this week, while Bitcoin dipped below $113,000, as investors derisked ahead of Fed chair Jerome Powell’s looming Jackson Hole speech on Friday.
Analysts told Decrypt that the outflows were attributable to U.S. PPI numbers coming in “hotter than expected” alongside “issuer-level profit taking” ahead of Powell’s speech. They noted that institutional sentiment is currently “cautious” rather than “panicked.”
Among those institutional investors are SkyBridge Capital boss Anthony Scaramucci and VanEck, both of whom reiterated earlier predictions that Bitcoin would hit $180,000 by the end of the year. Still, the Mooch made his prediction with the caveat that he was doing so “cautiously.”
📊 Myriad Market of the Day
From our partner
Solana finally unlocked for cross-chain swaps.
1inch connects Solana with 12+ EVM networks. That means you get secure swaps, bridge-free, at the best rates.
😂 Meme of the Day
🥇 Be First to Market With Myriad
Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!
With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.
🕵🏻♀️ Editor’s Picks
📚 Watch and Learn
Interested in partnering with Decrypt? Find out more here.