Bitcoin ETFs Suffer Largest Outflow Since June Amid Stalled Crypto Bill

Bitcoin ETFs experienced their largest outflow since June, losing $450.4 million on Tuesday after attracting $159.9 million the day before. The net outflow marks a significant shift in investor sentiment, following a major crypto bill that stalled in the Senate.

Fidelity's FBTC saw the biggest outflows, shedding $214.8 million, followed by BlackRock iShares Bitcoin Trust, which lost $161.7 million. Grayscale's Bitcoin Trust ETF (GBTC), ARK 21Shares Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB) also reported significant outflows.

Bitcoin is currently trading at $75,700, down 2.5% over the last 24 hours. The price decline may be related to the stalled crypto bill and subsequent investor uncertainty.