Bitcoin, Ethereum and XRP ETFs Lose $593 Million in Biggest One‑Day Drop Since June

ETF shares that track the price of Bitcoin, Ethereum and XRP experienced a sharp sell‑off on Tuesday, shedding roughly $593 million in total value. The decline represents the heaviest one‑day drawdown for these crypto‑linked funds since June.

Price impact on major cryptocurrencies

• Bitcoin (BTC) fell 1.00% to $75,733.
• Ethereum (ETH) dropped 1.36% to $2,391.15.
• XRP plunged 8.96% to $1.26.

Market context

The sell‑off came after a failed vote on the Clarity Act, which had been expected to provide regulatory clarity for crypto‑related financial products. The negative outcome appears to have heightened investor caution, prompting a rapid outflow from the ETFs.

Broader market movement

Other major assets also saw declines, though less pronounced. For example, Binance Coin (BNB) slipped 1.00% to $711.28, while Solana (SOL) fell 2.38% to $97.01. Stablecoins such as USDC remained largely unchanged.

Outlook

Analysts note that the ETF market remains sensitive to regulatory developments. Continued uncertainty could sustain pressure on crypto‑linked funds, while any positive regulatory signals may help stabilize inflows.