Are Bitcoin funds buying?
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The stories that matter, with the context to make sense of them.

The Senate blocked the CLARITY Act in a narrow procedural vote, ending hopes of comprehensive crypto legislation passing in 2026. Bitcoin fell immediately on the news, and with no clear legislative path forward, regulatory uncertainty is now the defining story for the market.

The Federal Reserve raised its benchmark rate to a range of 3.75%-4.00% in a unanimous 12-0 vote. Higher rates make holding non-yielding assets like Bitcoin less attractive, and the hike landed on the same day as the CLARITY Act failure, compounding the selling pressure.

US spot Bitcoin ETFs recorded their biggest single-day outflow in nearly three months on Tuesday, led by Fidelity. This shows institutional holders actively reducing exposure in response to the CLARITY Act failure and the rate hike, not just sitting tight.
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See money entering and leaving Bitcoin funds.
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