Bitcoin tracks equity bounce, but $390 million ETF outflow week keeps bulls on back foot
SummaryU.S. spot bitcoin ETFs recorded four days of outflows last week, shedding a net $390 million, their largest weekly withdrawal in six weeks. Solana ETFs bucked the trend with their strongest weekly inflows since May.Galaxy Digitals 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.CoinMarketCaps 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. Bitcoin steadied above $63,000 on Monday, clawing back a fraction of last weeks losses with a 0.8% gain since midnight UTC. Without an obvious catalyst, the largest cryptocurrency appears to be tracking U.S. equities. Nasdaq 100 index futures are up 0.5% to their highest point since July 2. Any positive reading will need to take into account last weeks net $390 million outflow from spot exchange-traded funds, including the first three-day stretch since the end of July. That was the largest weekly withdrawal from U.S. spot bitcoin products in six weeks. Ether ETFs flows