Moneyiar
menu

Crypto ETFs Post Biggest Outflow Day Since June After Clarity Act Vote Fails

Bitcoin, Ethereum and XRP ETFs saw roughly $593 million in combined outflows Tuesday, their largest single-day drawdown since June, after a vote on the Clarity Act failed, Decrypt reported.

Decrypt 1 unique views
Crypto ETFs Post Biggest Outflow Day Since June After Clarity Act Vote Fails
Bitcoin, Ethereum and XRP exchange-traded funds recorded combined outflows of roughly $593 million on Tuesday, according to Decrypt. The decline marked the funds’ heaviest single-day drawdown since June and followed a failed vote on the Clarity Act. The move placed products linked to BTC, ETH and XRP under pressure in the latest trading session. The reported total covers the three crypto assets together, rather than indicating separate losses for each ETF category. The result highlights a sharp day of weakness across major crypto-linked investment products, with the legislative vote providing the immediate market backdrop cited in the report. No separate figures were provided for Bitcoin, Ethereum or XRP ETFs, and the available information does not specify whether the outflows were concentrated in one asset or spread evenly across the group.
Source Decrypt This is an original Moneyiar brief based on the cited source.
Read original source ↗

Related news

Based on this story’s market and assets

Comments