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Bitcoin ETFs Dump $450M as Crypto Bill Hits a Wall

Guavy AI Editorial Team
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BTC
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Bitcoin exchange-traded funds (ETFs) saw their largest outflow since late June as investors pulled $450.4 million from the 13 US-listed funds on Tuesday.

The outflows come after a major crypto bill stalled in the Senate, which may have contributed to investor unease and a decline in cryptocurrency prices.

Fidelity's FBTC saw the biggest outflows, shedding $214.8 million, followed by $161.7 million from the BlackRock iShares Bitcoin Trust and $44.1 million from Grayscale's Bitcoin Trust ETF (GBTC).

Bitcoin itself is trading at $75,700, down 2.5% over the last 24 hours.

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