Additional headwinds are coming from ETF outflows in the United States. On Wednesday, spot Bitcoin ETFs recorded total net outflows of $635.23 million. Ethereum products also posted net outflows of $36.3 million. The figures reflect the cautious stance institutional investors are taking ahead of a significant policy decision in Washington, with many market participants holding back and waiting for fresh signals from US regulators.
The Crypto Industry Watches the Clarity Act Vote
Today's focal point is the vote on the Clarity Act — legislation designed to draw a clearer line between the authority of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The crypto industry has been waiting for this decision for months. Major players in the sector are hoping the law will bring greater regulatory certainty to digital assets in the United States.
The bill has drawn notable support, including from Coinbase CEO Brian Armstrong. Other prominent voices in the crypto space are viewing the Clarity Act as a potential turning point for the US industry. If passed, the legislation could significantly improve the long-term predictability of the regulatory environment. Investors are hoping the outcome will inject fresh momentum into the crypto market and encourage institutional participants to return more actively to Bitcoin and other digital assets.
The Clarity Act vote has the potential to mark a defining moment for crypto regulation in the US — particularly if it successfully clarifies the jurisdictional boundary between the SEC and CFTC. However, the current wave of ETF outflows and the declines in Bitcoin, Ethereum, and Solana make clear that institutional investors are not yet ready to commit, choosing instead to wait and see how the regulatory landscape takes shape.
