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.
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.
