Bitcoin · Galaxy Digital · CLARITY Act · CoinDesk
Bitcoin follows equity bounce, but $390 million ETF outflow week keeps bulls on back foot
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Bitcoin BTC $ 63,460.44 steadied above $63,000 on Monday, clawing back a fraction of last week's losses with a 0.8% gain since midnight UTC.
Key facts
- Bitcoin BTC $ 63,460.44 steadied above $63,000 on Monday, clawing back a fraction of last week's losses with a 0.8% gain since midnight UTC
- Galaxy Research’s head of research, Alex Thorn, cut his odds of the landmark crypto bill becoming law in 2026 to roughly 10% on Aug
- Ether ETH $ 1,897.58 ETFs flows were limited, and solana (SOL) ETFs bucked the trend with their strongest weekly inflows since mid-May
- Any positive reading will need to take into account last week’s net $390 million outflow from spot exchange-traded funds, including the first three-day stretch since the end of July
Summary
U.S. spot bitcoin ETFs recorded four days of outflows last week, shedding a net $390 million, their largest weekly withdrawal in six weeks. Galaxy Digital's head of research, Alex Thorn, cut his odds on the Clarity Act becoming law in 2026 to roughly 10%, down from 75% in May. Bitcoin has rising 0.77% since midnight UTC, while Nasdaq 100 index futures have gained 0.5% to their highest level since July 2. CoinMarketCap’s Fear and Greed index sits at 38/100, a “fear” reading, and the Altcoin Season Index is at 46, showing altcoin strength recovering from the Aug. 7 low of 36.