Markets· ★★★★· bearish·

$592.7 million withdrawn from Bitcoin and Ethereum ETFs after CLARITY Act fails

  • —$450.4 million withdrawn from Bitcoin ETFs, $142.3 million from Ethereum ETFs
  • —IBIT lost $161.7 million, FBTC $214.8 million (84% of BTC ETF outflows)
  • —BlackRock's ETHA saw $98 million in outflows, while ETHB attracted $12.4 million
  • —The CLARITY Act vote failed: 49 for, 50 against, with a 60-vote threshold
Why it matters: A regulatory delay in the US intensifies outflows of institutional capital from crypto ETFs and weighs on BTC and ETH.
#BTC#ETH
Source: Blockmedia
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