Bitcoin ETFs see largest weekly outflow in six weeks

Last week U.S. spot bitcoin ETFs lost $390 million. CoinDesk counts that as the largest weekly outflow from the funds in six weeks. The week also produced the first three-day stretch of selling since the end of July, and that matters more than the headline figure. A single day of redemptions can be one investor rebalancing. Three straight days imply selling broad enough to register as a trend. Ether ETFs saw only limited flows over the same stretch. Solana ETFs, by contrast, recorded their strongest weekly inflows since mid-May. The money did not leave the ETF wrapper; it moved between funds.

Bitcoin itself steadied above $63,000 on Monday. It was up 0.8% since midnight UTC, with no obvious catalyst; CoinDesk attributes the bounce to firmer U.S. equities rather than anything crypto-specific. Nasdaq 100 futures rose 0.5%. Those contracts now sit at their highest level since July 2.

Alex Thorn, head of research at Galaxy Research, now puts roughly 10 percent odds on the Clarity Act, the crypto market-structure bill, becoming law in 2026. He cut that estimate on Aug. 14. Prediction markets price the chance near 17 percent, per CoinDesk. A cloture vote is set for Sept. 15, when the Senate returns from recess. Market observers expect another delay. That gap between Thorn's estimate and the prediction-market price leaves room for the vote to move the sector in either direction.

For bulls, the largest bitcoin ETF outflow week in six weeks arrived just as the bill's odds were being marked down. If the vote slips, flows become the only live gauge of institutional demand. On that reading, last week was a reshuffle: bitcoin funds lost money, Solana funds gained. The next weekly report will show whether the three-day streak begins a pattern or ends as a pause.