U.S. spot Bitcoin ETFs recorded a sharp wave of withdrawals on Tuesday, with net outflows reaching $450.4 million.
The move came as Bitcoin fell around 2.5% and the CLARITY Act failed to advance in the U.S. Senate.
Bitcoin ETF Outflows Hit $450 Million
The 13 U.S.-listed spot Bitcoin ETFs posted their largest daily outflow since late June, according to data from Farside.
The funds lost a combined $450.4 million on Tuesday, reversing the $159.9 million of inflows recorded on Monday.
This marked the biggest outflow since June 24, when Bitcoin ETFs saw withdrawals of around $469 million during a broader sell-off in technology and other risk assets.
Fidelity and BlackRock Lead Withdrawals
Fidelity’s FBTC recorded the largest individual outflow, losing approximately $214.8 million.
BlackRock’s iShares Bitcoin Trust followed with around $161.7 million in withdrawals.
Grayscale’s Bitcoin Trust ETF saw $44.1 million leave the fund, while ARK 21Shares Bitcoin ETF recorded $17.4 million in outflows.
Bitwise Bitcoin ETF also posted withdrawals of around $12.4 million.
Bitcoin Price Falls as Sentiment Weakens
Bitcoin traded near $75,700, down around 2.5% over the previous 24 hours.
The decline came as broader crypto sentiment weakened following the failed Senate procedural vote on the CLARITY Act.
The legislation had been closely watched by the cryptocurrency industry because of its potential impact on the future regulatory framework for digital assets in the United States.
ETF Flows Remain a Key Bitcoin Indicator
Spot Bitcoin ETF flows are closely monitored because they provide insight into institutional and investor demand for the cryptocurrency.
Large inflows can signal stronger demand, while sustained outflows may point to weakening sentiment or increased caution among investors.
Tuesday’s $450 million withdrawal therefore adds another source of pressure for Bitcoin as traders assess regulatory uncertainty and broader market conditions.
