Bitcoin ETFs Record $450M Outflow Amid Senate Bill Failure

Thirteen US-listed spot <a href="https://xpertsstudio.com/bis-study-finds-bitcoin-transfer-estimates-can-vary-by-6x/” title=”BIS Study Finds Bitcoin Transfer Estimates Can Vary by 6x”>Bitcoin exchange-traded funds recorded a combined net outflow of $450.4 million on Sept. 15, the largest single-day withdrawal the group has seen since late June, according to data from Farside. The previous session, Sept. 14, had seen the same funds take in $159.9 million in net inflows.

The last comparable outflow occurred on June 24, when the funds lost $469 million as a broad tech stock sell-off weighed on risk assets. The Sept. 15 figure approaches that level, coinciding with the US Senate’s failure to advance a major digital asset bill through a procedural vote.

Fidelity’s FBTC recorded the largest outflow of any single fund on the day, losing $214.8 million. BlackRock’s iShares Bitcoin Trust followed with $161.7 million in withdrawals. Together, the two funds accounted for more than 83% of the total outflow across all 13 products.

The remaining losses were distributed across three funds. Grayscale’s Bitcoin Trust ETF shed $44.1 million, the ARK 21Shares Bitcoin ETF lost $17.4 million, and the Bitwise Bitcoin ETF recorded $12.4 million in outflows.

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Bitcoin Price Drops as Bill Stalls

Bitcoin was changing hands at $75,700 at the time of writing, down 2.5% over the prior 24 hours The Senate had voted 49-50 against advancing the CLARITY Act, a bill that would have established a regulatory framework for digital assets, falling well short of the 60 votes required to clear the procedural cloture threshold

The simultaneous pressure of a declining BTC price and the legislative failure marked a reversal from the inflows recorded the day before, when investor sentiment had been more favorable heading into the anticipated vote.

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