Bitcoin ETF demand weakens despite CLARITY Act policy win
CryptoSlate
Bitcoin demand dipped following significant ETF outflows despite the U.S. Senate Banking Committee advancing the Digital Asset Market Clarity Act.Summary
The U.S. Senate Banking Committee recently advanced the Digital Asset Market Clarity Act (H.R. 3633), providing a significant policy win for the cryptocurrency industry. However, Bitcoin failed to sustain a rally as the market faced a stress test characterized by massive outflows from spot Bitcoin ETFs. With $648.6 million in net outflows recorded on May 18 alone, institutional investors shifted focus toward macroeconomic pressures like inflation and interest rates rather than legislative progress. This divergence suggests that while regulatory clarity improves the long-term outlook for digital assets, Bitcoin’s short-term price remains heavily dictated by institutional capital flows and broader liquidity conditions.
(Source：CryptoSlate)