Crypto Market Slumps as Clarity Act Fails Senate Vote
The crypto market took a hit today due to the failure of the CLARITY Act in the U.S. Senate, which fell short of the required 60 votes with a 49-60 vote count.
As a result, Bitcoin and Ethereum ETFs saw significant outflows, with $450.33 million leaving Bitcoin funds and $141.47 million exiting Ethereum funds on September 15th.
XRP funds, however, remained stagnant, with no net flow recorded for the third time this month.
On the other hand, Solana ETFs saw a small inflow of $1.35 million, making it the only bright spot in today's crypto market news.