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      Bitcoin ETFs Experience $450 Million Outflow Following Senate Vote

      Investors withdrew $450 million from spot Bitcoin exchange-traded funds (ETFs) in the United States on September 15, marking the largest single-day redemption since June 25 of this year. This significant outflow occurred shortly after the U.S. Senate voted against advancing the "Digital Asset Market Clarity Act," which aimed to establish a regulatory framework for cryptocurrencies. The legislation received 50 votes in favor and 49 against, falling short of the 60 votes required to proceed.

      The failure of the Clarity Act has had immediate repercussions on the cryptocurrency market, with Bitcoin's price dropping by 4% to below $76,000. The decline in Bitcoin's value also impacted several cryptocurrency-related stocks, including Coinbase Global and MicroStrategy, which saw their shares fall sharply following the Senate's decision. Analysts suggest that the outcome effectively ends any possibility of the legislation being passed this year, especially with Congress expected to be divided after the upcoming midterm elections in November.

      As of September 16, Bitcoin is trading at $75,850. Market participants are now looking ahead to the U.S. Federal Reserve's anticipated interest rate hike of 25 basis points, which is expected to be announced today. This would mark the first increase since July 2023, and higher interest rates are generally perceived as unfavorable for risk assets like Bitcoin. Traders are currently pricing in a 92% likelihood of this rate increase, reflecting concerns over persistently high inflation.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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