Bitcoin exchange-traded funds saw sharp outflows of $648.6 million in the days following a key Senate committee vote on cryptocurrency legislation. The reversal came despite the advance of the Digital Asset Market Clarity Act, which had offered a policy boost to the sector. Prices for the leading cryptocurrency fell from above $81,000 to around $77,200.
The Senate Banking Committee advanced H.R. 3633, the Digital Asset Market Clarity Act, by a 15-9 vote on May 14. The bipartisan action sent the market-structure bill toward the Senate floor and marked one of the clearest policy wins for crypto in 2026 so far.
