Bitcoin ETFs shed $450M in biggest outflow since June
The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the outflows.
A substantial $450 million was withdrawn from Bitcoin exchange-traded funds (ETFs) on Tuesday, marking the largest outflow since June 24, according to data from Farside. This significant withdrawal occurred as Bitcoin prices declined by 2.5%, and the CLARITY Act failed to gain traction in the Senate. Fidelity and BlackRock funds were the primary drivers of the outflows.
Spot Bitcoin ETFs experienced their biggest single-day outflows since late June after a major crypto bill stalled in the Senate. The 13 US-listed funds collectively saw a net $450.4 million outflow on Tuesday. Bitcoin is currently trading at $75,700, down 2.5% in the past 24 hours. Fidelity’s FBTC experienced the most significant outflows, with $214.8 million leaving the fund, followed by the BlackRock iShares Bitcoin Trust with $161.7 million, Grayscale’s Bitcoin Trust ETF (GBTC) with $44.1 million, ARK 21Shares Bitcoin ETF (ARKB) with $17.4 million, and Bitwise Bitcoin ETF (BITB) with $12.4 million.
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