Weakened expectations for a 50 basis point rate cut by the Federal Reserve in September,

market pricing adjusted to 25 basis points. The deadlock in Russia-Ukraine negotiations and fluctuations in the Trump administration's diplomatic stance have driven safe-haven funds towards gold.

The U.S. Treasury Secretary clearly stated that Bitcoin will not be included in the strategic reserves, instead exploring a 'budget-neutral' approach, dampening institutional entry expectations. Although there has been a slight outflow of overall funds,

the daily chart shows a bearish pattern.

Despite the overall slight outflow of funds, Grayscale and Ark have seen redemptions, indicating that institutional funds are migrating towards low-cost products rather than a complete withdrawal.