Bitcoin ETFs Had Their Worst Day Since June Following Failed Clarity Act Vote
U.S. spot Bitcoin ETFs posted a $450.4 million outflow on Tuesday, their largest since June 24. Fidelity’s FBTC lost the most, followed by BlackRock’s IBIT and Grayscale’s GBTC. Ethereum ETFs also saw $142.3 million in withdrawals, bringing combined crypto ETF outflows to nearly $593 million in one day. The selloff followed the Senate’s failure to advance the Digital Asset Market Clarity Act, which would have created a federal crypto regulatory framework and split oversight between the SEC and CFTC. The vote failed 49-50, and supporters called it a major setback, possibly fatal for the bill. The drop suggests investors may be reacting to the prospect of continued regulatory uncertainty, though a looming Federal Reserve rate decision may also be weighing on risk assets. If Congress does not revive the bill, SEC and CFTC rulemaking may remain the main U.S. crypto policy path for 2026.
