Bitcoin ETFs see $450 million outflow as Senate vote stalls
Bitcoin ETF outflows hit $450.4M as BTC slips and CLARITY Act stalls See which funds led redemptions and what the reversal could mean next
Spot Bitcoin exchangetraded funds in the US recorded their largest oneday outflow since late June, with investors pulling about $450.4 million on Tuesday.
The move came as Bitcoin fell about 2.5% and a major crypto bill, the CLARITY Act, failed to advance in the Senate. Fidelity’s FBTC and BlackRock’s iShares Bitcoin Trust accounted for the largest withdrawals, while several other major funds also saw redemptions.
The 13 listed Bitcoin ETFs had taken in $159.9 million the previous day, highlighting a sharp reversal in flows. At the time of reporting, Bitcoin was trading near $75,700, according to CoinMarketCap.