a setback for crypto vols.he sec punts on a bitcoin etf once again, delaying a decision until october. love them or hate them, etf's are here to stay and flows often signal broader market trends. eric balchunas checks it out. and eric, it's very much a picture of derisking? eric: yes. it is. scarlet, thank you. prices are down. it has been a choppy market. a lot of volatility in the last couple of weeks but the flows are really hanging tough for u.s. equities and fixed incomes. two aberrations we are seeing, and a lot of money going into gold. on the other side, a lot of money leaving emerging markets. look at the bloodbath in emerging markets. that is only over one week. over the past couple of months, they have seen a couple of billion dollars come out quickly. what really struck me about this chart is img is on here. these are the cheap ones that retail uses. this is beyond the trading crowd into retail. let's look at img's flows since it came out. just to get an idea of how weird it is that img -- it has ne