Bitcoin ETFs experienced outflows of approximately $120M while XRP and Solana funds each saw inflows of $12M. Germany is implementing a 25% capital gains tax on bitcoin similar to stock taxation, and markets are pricing in a potential 25 basis point rate hike alongside a September 15 CLARITY Act procedural vote.
Following a Federal Reserve rate hike, semiconductor stocks face uncertainty about future monetary policy tightening. Market attention may shift from rate decisions to chip demand and AI infrastructure spending once clarity emerges on the Fed's path forward.