Bitcoin and Ethereum ETFs See $592 Million Outflow After CLARITY Act Stalls
The outflow came as the CLARITY Act stalled in the U.S. Senate. Bitcoin and Ethereum funds took the biggest hit, while altcoin ETFs were mixed.
Key Takeaways
- Bitcoin and Ethereum spot ETFs posted a combined $592 million outflow on September 15, their biggest daily loss in months.
- Ethereum funds lost $141.47 million and Bitcoin funds lost $450.33 million, while both markets saw higher trading volumes.
- The outflow came alongside the CLARITY Act stalling in the U.S. Senate and Bitcoin dropping below $76,000.
Bitcoin and Ethereum spot-ETFs saw a combined $592 million (€513 million) in outflows on September 15, their biggest daily loss in months. The move came as the CLARITY Act stalled in the U.S. Senate, while Bitcoin also fell below $76,000 (€65,900) according to the provided context.
Ethereum Loses After Strong Run
Ethereum funds lost $141.47 million. That was the biggest daily outflow since January 30. The previous heavy day in that stretch was slightly smaller at $136.4 million (€118 million) on March 19.
The selling followed four straight weeks of inflows. During that period, ETH products pulled in $1.94 billion (€1.7 billion), with a peak of $824.4 million (€714 million) at the end of August. That made the recent pullback stand out, but not enough to fully flip the monthly balance.
Bitcoin Sees Biggest Day Since June
Bitcoin funds gave back $450.33 million (€390 million), the biggest outflow since June 25. Last week, another $462.7 million (€401 million) came out, the largest weekly outflow since early July, after three weeks of strong buying interest.
Trading volume also picked up. Bitcoin products traded $4.35 billion (€3.8 billion), compared with a 30-day average of $2.74 billion (€2.4 billion). Ethereum volume was more than twice as high as normal.
Altcoin Funds Stay Mixed
Among the altcoin funds, Hyperliquid was the only one with outflows. The HYPE funds lost $3.89 million (€3.4 million) and are now down $18.04 million (€15.6 million) in September. Solana, meanwhile, brought in $1.35 million (€1.2 million), while Tron, Dogecoin, and Hedera each added less than $500,000 (€433,300).
Six funds saw no activity. BNB, XRP, Chainlink, Avalanche, Polkadot, and Litecoin all posted zero flows. Together, the 11 altcoin funds had a net outflow of $1.66 million (€1.4 million), while they collectively manage $3.55 billion (€3.1 billion).
For European crypto followers, the key point is that U.S. ETF flows are still moving closely with the political debate in Washington. The CLARITY Act was meant to bring more clarity around rules for issuing, trading, and selling digital assets in the U.S. That makes the outcome of these votes not just a political story, but also a factor that shows up quickly in the ETF market. Also, the SEC's review of ETF rules shows that the U.S. framework for crypto funds is still very much in flux.
