Bitcoin ETFs Suffer Biggest Daily Outflow Since June as Fidelity Leads Losses

Bitcoin ETFs are facing tough times as investors pull out a combined $450.4 million in a single day, marking the biggest daily outflow since June.

The largest loss was led by Fidelity's FBTC, which saw about $214.8 million withdrawn from its funds on September 15.

This comes just one day after these funds brought in around $160 million, showing a sudden reversal of fortunes for Bitcoin ETFs.

The timing of this outflow is interesting, as it occurred after the CLARITY Act failed to move forward in the U.S. Senate, causing a 2.5% dip in Bitcoin's price.

Experts warn that this may be an early indication of investors getting cautious quickly, and that buyers stepping aside when the market becomes shaky is becoming a common occurrence.