🇺🇸 Powell's Jackson Hole Approach 🎙️💼 As the annual Jackson Hole symposium approaches, Yonhap Infomax forecasts Federal Reserve Chairman Jerome Powell's cautious stance. WisdomTree's Kevin Flanagan predicts Powell will echo the recent hawkish tone and minutes from the previous meeting. However, the mention of a 'neutral rate' could still create market waves, as opinions vary due to changing inflation and robust US economy. The 'neutral rate' represents an interest level that neither stimulates nor hampers the economy, a topic to watch closely. 📈🏦 #JacksonHoleSymposium #PowellRemarks #EconomicInsights

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BITCOIN ETFS SEE RECORD INFLOWS AMID FED RATE CUT HINTS
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$BTC

Bitcoin ETFs See Record Inflows Amid Fed Rate Cut Hints
U.S.-listed spot Bitcoin ETFs experienced a surge in trading activity, with inflows exceeding $252 million on Friday, marking their highest level since July 23. This spike in interest came after the Jackson Hole symposium, where favorable comments from Federal Reserve Chair Jerome Powell boosted risk assets, including Bitcoin.

Record Trading Volumes for Bitcoin ETFs
The combined trading volume for the eleven Bitcoin ETFs soared to $3.12 billion, reaching levels not seen since July 19, according to data from SoSoValue. BlackRock's IBIT ETF led the pack, with trading activity hitting $1.2 billion and net inflows of $83 million. Fidelity’s FBTC followed closely, attracting $64 million in inflows, while Bitwise’s BITB crossed the $2 billion AUM milestone with $42 million in new funds. On the other hand, Grayscale's GBTC was the only product to show net outflows, losing $35 million. However, Grayscale’s mini Bitcoin fund, BTC, remained in the positive, with $50 million in inflows.

Fed Signals and Market Reactions
At the Jackson Hole symposium, Jerome Powell indicated that the Federal Reserve is likely to ease monetary policy soon. His comments, suggesting that "the direction of travel is clear," hinted at potential rate cuts based on incoming economic data and evolving risks. Following Powell’s speech, Bitcoin rallied above $64,000, reflecting the market’s optimism.
Impact of Monetary Policy on Crypto
Crypto traders are now widely anticipating the Fed's first rate cut at the upcoming policy meeting on September 17. Typically, tighter monetary policies reduce risk appetite in financial markets. However, lower interest rates make assets like Bitcoin more attractive, as investors can access cheaper capital, driving up demand.

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Bitcoin Eyes Jackson Hole for Fed Clues Amid Market Caution
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$BTC $ETH

As Bitcoin hovers around $61,000, traders are closely watching the Federal Reserve’s Jackson Hole symposium for clues on future monetary policy, which could significantly impact Bitcoin's price.

Market Stability Preceding Jackson Hole
Bitcoin has been trading between $59,000 and $61,000 over the past two weeks. All eyes are now on Fed Chair Jerome Powell's upcoming comments, which could either support or weaken Bitcoin’s current position. Other major cryptocurrencies have seen little movement, with Avalanche’s $AVAX standing out after a 10% surge linked to its addition to Franklin Templeton’s blockchain fund.

ETF Inflows Sending Mixed Signals
U.S.-listed Bitcoin ETFs saw $64 million in inflows, extending a six-day streak, led by BlackRock’s IBIT with $75 million. However, the slowing pace of these inflows is viewed by some as a bearish sign. Meanwhile, Ethereum ETFs continue to struggle, with $458 million in outflows since their launch.

Focus on Fed’s Monetary Policy
Traders are looking to Powell’s speech for hints on future rate cuts, which could boost risk assets like Bitcoin. Although some expect dovish signals, experts like Augustine Fan warn that Powell may not fully endorse the four rate cuts currently anticipated by the market.