Bitcoin ETFs shed $450 million as Clarity Act fails

Bitcoin ETFs reportedly saw roughly $450 million in outflows after the Clarity Act failed to advance, signaling weaker institutional risk appetite and renewed regulatory uncertainty. The selloff suggests investors had priced in clearer U.S. crypto rules and are now reducing exposure as legislative momentum stalls. For Bitcoin, the development could weigh on near-term price and ETF demand, though it does not alter the asset’s underlying network fundamentals.