Bitcoin ETFs Had Their Worst Day Since June Following Failed Clarity Act Vote

In brief

• U.S. spot Bitcoin ETFs shed $450.4 million Tuesday, their largest single-day outflow since June 24.
• The Senate voted 49 to 50 against invoking cloture on the Clarity Act, a crypto market-structure bill that needed 60 votes to advance, effectively ending its chances in 2026.
• Ethereum ETFs lost another $142.3 million the same day, while XRP funds stayed flat.

U.S. spot Bitcoin ETFs shed $450.4 million on Tuesday, their largest single-day outflow since June 24, according to Decrypt's Bitcoin ETF tracker.

ETFs, or exchange-traded funds, are products that let ordinary investors buy exposure to an asset, such as Bitcoin, through a regular brokerage account, without ever touching a crypto wallet. They’ve been extremely popular since first launching two years ago and have become a proxy for overall market sentiment as money flows in and out of them daily.

Fidelity's FBTC led the exodus Tuesday with $214.8 million pulled out. BlackRock's IBIT lost $161.7 million, Grayscale's GBTC shed $44.1 million, and ARK 21Shares and Bitwise's funds saw smaller withdrawals.

Ethereum ETFs bled another $142.3 million the same day, and XRP funds, smaller and newer, held flat after pulling in $11.3 million the day prior.