Significant Outflows from U.S. Spot Bitcoin ETFs Amid Legislative Setback
- U.S. spot Bitcoin ETFs experienced $450.33 million in redemptions on September 15, the largest single-day outflow since June.
- The Senate’s failure to advance the CLARITY Act resulted in a vote of 49–50, falling short of the required votes for debate.
- Fidelity’s FBTC led redemptions with $214.8 million, followed by BlackRock’s IBIT at $161.7 million.
- Spot Ether ETFs saw outflows of $141.47 million, marking their largest exit in over five months.
- Despite these outflows, month-to-date figures show spot Bitcoin ETFs are still up by $17.1 million and Ether ETFs by $307.4 million.
The recent ETF redemptions reflect a significant reaction to legislative developments rather than a long-term trend away from institutional investment in cryptocurrencies.
With the Senate blocking the CLARITY Act and triggering substantial liquidations, including approximately $670 million within a day, market sentiment remains fragile as investors assess future regulatory pathways.(Source)
