Bitcoin ETF Outflows Hit $450M as BTC Falls Below $76K After CLARITY Act Setback

US spot Bitcoin exchange-traded funds suffered $450.4 million in net outflows on Tuesday, following $159.9 million in net inflows the prior day, as selling pressure mounted across the marketplace for cryptocurrencies.

That same day, the funds experienced their largest daily investment outflows since June 25, when a record $691.7 million exited, according to Farside Investors.

The largest redemptions on Tuesday came from Fidelity Bitcoin’s Wise Origin Bitcoin Fund, which lost $214.8 million from its FBTC, and Blackrock’s iShares Bitcoin Trust, which saw redemptions of $161.7 million. Grayscale Bitcoin Trust ETF saw $44.1 million in redemptions, with the ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF seeing redemptions of $17.4 million and $12.4 million, respectively, largely reversing Monday’s inflows.

It unfolded as Bitcoin, the largest crypto by market cap, was struggling again and was trading near $75,900 at press time, down around 2.3% in the past 24 hours. BTC▲$77,666.00 had climbed to as high as $77,710 and dropped as low as $74,945 before falling below the $76,000 level again.

The sell-off was compounded after the US Senate on Tuesday failed to move forward with the Digital Asset Market CLARITY Act, which would have established a federal framework for digital-asset markets.