Bitcoin ETFs Experience Significant Outflows Amid Legislative Stalemate
- Spot Bitcoin exchange-traded funds saw a net outflow of $450.4 million on Tuesday.
- This marks the largest outflow since June, when Bitcoin ETFs lost $469 million.
- On Monday, these funds had attracted $159.9 million before the outflow occurred.
- At the time of reporting, Bitcoin was trading at $75,700, down by 2.5% in the last day.
The recent outflows from Bitcoin ETFs coincide with a major crypto bill stalling in the Senate, impacting investor sentiment significantly.
The $450.4 million outflow is a stark contrast to the previous day’s inflow of $159.9 million, highlighting market volatility amid legislative uncertainty. (Source)
