U.S. spot Bitcoin exchange-traded funds recorded $450 million in withdrawals, marking their largest outflow since June, according to Cointelegraph. The outflows came as Bitcoin declined 2.5% and the CLARITY Act failed to advance in the Senate. Fidelity and BlackRock funds accounted for the leading share of the withdrawals. The move highlights a weaker flow backdrop for Bitcoin investment products during the session, while the Senate development added to the market’s negative tone. The report did not provide further details on the individual fund totals or the timing of the withdrawals beyond the stated aggregate figure.
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Cointelegraph
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