Bitcoin ETFs See $450 Million Outflows Amid Stalled CLARITY Act
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced significant outflows of $450.4 million on September 15, according to Farside Investors data. This marked the largest redemptions since June and followed a previous day's inflow of $159.9 million. Leading withdrawals were from Fidelity’s FBTC ($214.8M), BlackRock’s IBIT ($161.7M), and Grayscale’s GBTC ($44.1M). The outflows coincided with stalled progress on the CLARITY Act in the Senate, which failed to secure enough votes for advancement. The Digital Asset Market Clarity Act aimed to establish a federal regulatory framework for digital assets but fell short of the 60-vote threshold needed to move forward. Only 50 senators supported it, with four Republicans joining Democrats against it. The bill’s failure adds uncertainty in an already volatile market environment ahead of potential Federal Reserve rate decisions and rising Treasury yields. The stalled legislation has raised concerns among crypto firms and investors about regulatory clarity, potentially affecting the broader digital asset ecosystem.
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