May 22: ETF Outflows Accelerate as Senate Crypto Legislation and Macro Fears Shake Markets

Brief Summary:Bitcoin failed to hold gains above $82K and traded back into the $77K-$78K range as macro pressure and ETF outflows weighed on marketsEthereum continued underperforming near $2,130 while traders watched major liquidation zones around the $2,000 levelCoinGlass data showed massive long liquidations across crypto markets, with Bitcoin alone seeing roughly $190 million wiped outU.S. Bitcoin ETFs have now experienced roughly $1 billion in recent outflows as institutional demand weakensMichael Saylor reiterated Strategy’s aggressive long-term Bitcoin accumulation plansHyperliquid-related ETF products reportedly attracted $16 million in inflows within nine trading daysThe Senate Banking Committee advanced the CLARITY Act in a bipartisan 15-9 voteDemocrats raised concerns about anti-money laundering enforcement, stablecoins, and DeFi oversight in the billReports indicate the SEC is exploring a framework for tokenized stock trading platformsTreasury yields and interest rate concerns continue pressuring crypto and other speculative assets Hosted on Acast. See acast.com/privacy for more information.