Morning Minute is a day-to-day newsletter written by Tyler Warner. The evaluation and opinions expressed are his possess and construct not necessarily replicate those of Decrypt. Subscribe to the Morning Minute on Substack.
GM!
Today’s top news:
- Crypto majors dip 3-6% in a single day; BTC holds at $115,000
- Gemini files to inch public with ticker GEMI, timing TBD
- BTCS turns into first TreasuryCo to inform a ‘Bividend’, offers blockchain dividend
- Adam Attend’s Bitcoin Frequent TreasuryCo initially 30k BTC + $1.5B
- LIGHT eco rallies over the weekend, most smartly-liked launchpad challenger to Pump
🏦 Wall Boulevard Masses Up on Bitcoin by technique of ETFs
One of the most most attention-grabbing players in the enviornment are piling billions into BTC funds.
Yet the life like skilled fund supervisor is barely allocated. What presents?
📌 What Took living
Wall Boulevard and global establishments dramatically increased their Bitcoin exposure in Q2, pouring billions into space ETFs fancy BlackRock’s (IBIT) and linked crypto equities.
SEC filings show that heavyweights fancy Brevan Howard, Goldman Sachs, Harvard, Wells Fargo, Jane Boulevard, and even Norway’s sovereign wealth fund all boosted their positions, signaling growing comfort with BTC as a core allocation.
One of the most most critical strikes:
- Brevan Howard practically doubled its IBIT stake to 37.9M shares price $2.6B, making it one among the most attention-grabbing institutional holders.
- Goldman Sachs reported $3.3B across IBIT and Fidelity’s Wise Foundation Bitcoin Believe (FBTC), plus $489M in Ethereum’s ETHA belief.
- Harvard disclosed a $1.9B stake in IBIT, whereas Abu Dhabi’s Mubadala continues to retain $681M.
- Wells Fargo quadrupled IBIT holdings to $160M, alongside a shrimp GBTC stake.
- Cantor Fitzgerald pushed previous $250M in IBIT whereas including exposure to Strategy (MSTR), Coinbase (COIN), and Robinhood (HOOD).
- Trading huge Jane Boulevard now owns $1.46B of IBIT, making it its biggest living after Tesla.
- Norway’s $2T sovereign wealth fund not in an instant holds 7,161 BTC (~$841M) by technique of equity stakes in MSTR, Coinbase, Block, and others – up 192% YoY.
Yet, the life like skilled fund supervisor in the US is barely allocated.
A look for from Monetary institution of The USA confirmed that the life like fund supervisor has merely 0.3% allocated to crypto.
And a whopping 75% accept as true with 0 exposure.
The in fashion skilled fund supervisor allocation toward crypto is 0.3% of AUM. 75% of Fund Managers accept as true with zero allocation. Offer: BofA pic.twitter.com/u2kxypXmMB
— zerohedge (@zerohedge) August 17, 2025
🗣️ Why It Issues
It’s a memoir of two groups.
Institutions are clearly piling into BTC and crypto correct now, including the most attention-grabbing names in finance, academia, and even nation-states.
The sheer scale of those positions ($2B+ for Brevan Howard, $3B+ for Goldman, $1.9B for Harvard) validates Bitcoin as an institutional-grade asset.
And it’s changing into clearer that space ETFs are proving to be the gateway, offering trim, regulated exposure thru familiar constructions.
Yet, retail is drowsing, and their fund managers aren’t helping.
The undeniable fact that 75% of fund managers aren’t allocated the least bit just isn’t elegant however can also be staggering at the an analogous time.
However the merely news is – they’re coming.
The more that the massive names and establishments pile in, the “safer” it turns into for the life like fund supervisor to imply crypto as an funding.
It’s loads more straightforward to originate protected, in fashion and consensus performs and rep charges than it’s to inch out on a limb and originate contrarian, conviction calls.
Crypto received’t be contrarian for a lot longer.
And the fund supervisor pivot is merely a subject of time…
🌎 Macro Crypto and Memes
A pair of Crypto and Web3 headlines that caught my look:
- Crypto majors were pink on the day; BTC -3% at $115,100, ETH -6% at $4,260, XRP -5% at $2.97, SOL -7% at $181
- XMR (+4%) led top movers
- Odds of a September rate reduce accept as true with fallen from 99% to 83% after most smartly-liked inflation files
- The ETH ETFs saw fresh outflows on Friday, after an enormous 8-session green fade that resulted in $3.7B in obtain inflows
- The Federal Reserve formally ended its “fresh actions” program that increased bank scrutiny of crypto
- SEC Chair Paul Atkins launched the agency is organising fresh custody guidelines for digital resources to originate bigger readability and security in the U.S. crypto markets
- A most smartly-liked look for confirmed skilled fund managers allocate merely 0.3% to crypto on life like, and 75% accept as true with 0 exposure
- Gemini filed to inch public by technique of Nasdaq with ticker GEMI, timing still TBD
- Grayscale filed for a Dogecoin ETF on Friday
- Contemporary York Assemblymember Phil Steck proposed a 0.2% excise tax on crypto transactions, estimating $158 M in annual earnings from the program
In Company Treasuries
- SBET stock plunged 15% to $19.85 on Friday following a Q2 obtain lack of $103 M; the firm attributed losses to a $87.8M non‑cash impairment and $16.4M in stock‑based exclusively mostly compensation
- Metaplanet sold one more 775 BTC for $93M, now holds 18,888
- Adam Attend’s Bitcoin Frequent TreasuryCo is preparing to inch public in a merger with Cantor Equity Companions, aiming initially 30,000 BTC + $1.5B in capital
- BTCS launched it will inform a one-time blockchain dividend, ‘Bividend,’ of $0.05 per fragment in ETH, the first of its kind
In Memes
- Memecoin leaders are very pink on the day; DOGE -5%, Shiba -5%, PEPE -5%, PENGU -6%, BONK -8%, TRUMP -2%, SPX -9%, and FARTCOIN -5%
- FORK turned into once a top onchain runner, jumping 25x to $4.3M; NEET +36% to $13M turned into once a critical mover
- LIGHT ran 4x to $160M over the weekend after the team spent over $1.4M buying assist and burning its token as a result of its flywheel (now $126M)
💰 Token, Airdrop & Protocol Tracker
That is a rundown of main token, protocol and airdrop news from the day:
- Polymarket launched a ‘Breaking News’ tab, exhibiting the discontinuance transferring markets over the previous 24 hours
- Pump.stress-free flipped Hyperliquid in earnings on Sunday, despite the undeniable fact that it still lagged on the week and month (Hype re-flipped it over the previous 24 hours)
- Memoir Protocol founder Jason Zhao resigned over the weekend, 3.5 years after starting Memoir (and $130M+ in funding later)
🤖 AI x Crypto
Piece devoted to headlines in the AI sector of crypto:
- Overall market cap down 3% to $12.9B, leaders were pink
- FARTCOIN (-6%), VIRTUAL (-3%), TIBBIR (-8%), ai16z (-5%) & VVV (+9%)
- VIRGEN (+84%), AVB (+17%) and CLANKER (+15%) led top movers
🚚 What is going down in NFTs?
Right here is the list of diverse critical headlines from the day in NFTs:
- ETH NFT leaders were pink alongside the ETH selloff; Punks -1% at 49 ETH, Beefy -3% at 12.8, BAYC -3% at 11.3 ETH
- 0n1 Power (+29%) and Yumemono (+60%) were critical top movers
- Bitcoin NFTs saw some green, led by Taproot Wizards (+4%) and Adderrels (+28%)
- Summary NFTs were mostly pink, led by Pengztracted (+29%)
- A Rektguy 1/1 equipped for 10 ETH ($Forty five,000)
- Cerebro launched its mint shrimp print, launching on 8/21 with 6,969 NFTs for 0.08 ETH every
