From Yahoo Finance · · 1m 20s
Bitcoin ETFs See $450m Outflows as CLARITY Act Stalls
Bitcoin ETFs face $450m outflows after Senate stalls CLARITY Act.
In brief
Bitcoin ETFs face $450m outflows after Senate stalls CLARITY Act. U.S. Bitcoin ETFs recorded $450.4 million in net outflows on Sep 15 as Senate failed to pass the Digital Asset Market Clarity Act, which requires 60 votes to advance. Originally reported by Yahoo Finance.
Bitcoin ETF Outflows
U.S. spot Bitcoin funds saw their sharpest reversal in weeks on Sep. 15 as Washington delivered another dose of regulatory uncertainty.
Net Outflows Total $450.4m
Farside Investors data showed the 12 US spot Bitcoin ETFs posted $450.4 million in combined net outflows yesterday, wiping out the previous session's $159.9 million inflow.
Top Fund Withdrawals
Fidelity's FBTC led withdrawals with $214.8 million, followed by BlackRock's IBIT at $161.7 million and Grayscale's GBTC at $44.1 million.
CLARITY Act Stalls
The Senate failed to advance the Digital Asset Market Clarity Act after the measure did not secure the 60 votes required to proceed.
Senate Vote Details
Only 50 senators voted in favor of advancing the bill, with four Republican senators joining Democrats in voting against it.
Regulatory Impact
The legislation was intended to create a federal market structure for digital assets and clarify responsibilities between the Securities and Exchange Commission and Commodity Futures Trading Commission.
What matters most
U.S. Bitcoin ETFs recorded $450.4 million in net outflows on Sep 15 as Senate failed to pass the Digital Asset Market Clarity Act, which requires 60 votes to advance.
