Spot Bitcoin ETFs See Largest Outflows Since June as Senate Crypto Bill Stalls
U.S.-listed spot Bitcoin exchange-traded funds recorded their most significant day of net outflows since late June on Tuesday, reversing the previous day’s inflows after a major cryptocurrency legislative effort stalled in the Senate.
Net Outflows Top $450 Million
The 13 U.S.-listed funds saw a net $450.4 million outflow on Tuesday, according to data from Farside Investors. This follows a $159.9 million net inflow on Monday. The single-day withdrawal marks the largest since June 24, when the funds lost $469 million amid a broader technology stock sell-off that pressured risk assets.
Fund-by-Fund Breakdown
Fidelity’s FBTC led the outflows, shedding $214.8 million. The BlackRock iShares Bitcoin Trust followed with $161.7 million in withdrawals. Other notable outflows included:
- Grayscale Bitcoin Trust ETF (GBTC): $44.1 million
- ARK 21Shares Bitcoin ETF (ARKB): $17.4 million
- Bitwise Bitcoin ETF (BITB): $12.4 million
Bitcoin Price Reacts
At the time of writing, Bitcoin is trading at $75,700, representing a 2.5% decline over the last 24 hours, according to CoinMarketCap data. The price movement coincides with the ETF flow reversal and the legislative setback in Washington.
Popular Altcoin Surges 18% in a Day Ahead of Split from Ethereum to Launch Own Network
Legislative Context
The sharp reversal in fund flows comes as a major crypto market structure bill stalled in the U.S. Senate, removing a near-term catalyst that had supported positive sentiment around regulated crypto investment products.
