Bitcoin ETFs saw $43.9 million in outflows yesterday.

The ARKB ETF recorded a single outflow of $54 million

while Fidelity’s fbtc fund saw a buy of $12.6 million

partially offsetting the losses.

Ethereum funds remain weak

recording $0.5 million in outflows yesterday.

Bitcoin’s close correlation with the S&P 500 has returned to levels not seen since October 2022.

This correlation is likely to persist until the Federal Open Market Committee’s September 18 interest rate decision