Spot Bitcoin ETFs See $450M Pulled After Senate Blocks CLARITY Act

US spot Bitcoin exchange-traded funds saw net outflows of $450.4 million on Tuesday as Bitcoin came under renewed selling pressure following the Senate’s failure to advance the CLARITY Act. The move marked a sharp swing from Monday, when the same products posted $159.9 million in net inflows. It was also the largest one-day withdrawal since June 25, when spot Bitcoin ETFs recorded $691.7 million in outflows, according to data from Farside Investors. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the redemptions, with $214.8 million leaving the fund. BlackRock’s iShares Bitcoin Trust (IBIT) followed with $161.7 million in outflows. Grayscale’s Bitcoin Trust ETF (GBTC) shed another $44.1 million, while ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) reported outflows of $17.4 million and $12.4 million, respectively. Bitcoin traded around $75,800 at the time of writing, down about 1.9% over the past 24 hours. The cryptocurrency climbed as high as $77,710 before sliding to a 24-hour low near $74,945, briefly dipping below $75,000 before paring some losses. Selling momentum picked up after the Senate failed on Tuesday to clear the procedural hurdle needed to move the CLARITY Act forward. The bill, designed to establish a federal regulatory framework for digital assets, did not reach the 60 votes required to advance, leaving the legislation stalled after months of negotiations. While the Senate vote alone does not fully account for the ETF redemptions, the combination of fresh institutional outflows and a setback for major US crypto legislation weighed on Bitcoin, which started the 24-hour window above $77,000.