🔴 Bitcoin ETF (IBIT) is trading 3.1% down today after Warsh’s hawkish Jackson Hole speech

IBIT is trading at $43.88 (-3.10%), pressured by Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole speech.

• Warsh stressed persistent inflation and limited forward guidance, pressuring risk assets and Bitcoin.
• Approximately 81,700 Bitcoin options, worth $6.44 billion, expired August 28, adding positioning-related volatility.
• The decline also reflects profit-taking after Bitcoin’s sharp weekly rally toward $80,000, while broadly mixed equities provided little support.