ETFs Bleed $592 Million as Clarity Act Fails to Advance in US Senate

Bitcoin and Ethereum spot ETFs saw significant outflows on September 15, shedding a combined $592 million. This was their deepest single-day loss in months.

The outflows coincided with the failure of the CLARITY Act to advance in the US Senate. The setback pulled prices lower, causing capital to follow and exit the market.

Ethereum funds recorded their worst session since January 30, losing $141.47 million. This is a significant drop, as they had seen four straight weeks of inflows prior to this event.

Bitcoin funds gave up $450.33 million, their worst session since June 25. Trading volume also told the same story, with Bitcoin products seeing turnover of $4.35 billion compared to a 30-day average of $2.74 billion.