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Bitcoin ETFs Bleed $450M as Senate Blocks CLARITY Act

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U.S. spot Bitcoin ETFs experienced their heaviest single-day redemption since June, shedding $450.33 million on September 15.

This outflow coincided with the Senate's failure to advance the CLARITY Act, which fell short of the necessary 60 votes by a margin of 49-50.

Fidelity's FBTC and BlackRock's IBIT led the redemptions, losing $214.8 million and $161.7 million respectively.

The sharp reversal in sentiment was evident as spot Bitcoin ETFs had pulled in $159.9 million just a day prior on September 14.

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