Spot 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 ETFs lost $469 million.
- The funds had attracted $159.9 million in inflows just a day prior.
- Bitcoin’s price is currently at $75,700, reflecting a decline of 2.5% over the last day.
The recent outflows from Bitcoin ETFs coincide with a stalled major crypto bill in the Senate, impacting investor sentiment significantly.
With an outflow of $450 million, this situation highlights ongoing volatility in the market as regulatory developments unfold.(Source)
