The SEC delay came amid White House concerns and congressional negotiations over the CLARITY Act. Institutional investors viewing this as a setback for near-term tokenization adoption began repositioning.
While Bitcoin ETFs saw outflows, Solana ETFs pulled in $10.26M in inflows—their highest weekly intake since May. This suggests capital moving to narratives less dependent on regulatory approval.
Bitcoin fell below $63,000 on August 14, erasing 38% of the prior week's inflow-driven gains. The four-day ETF outflow stretch coincided with the price breakdown.
Senate Majority Leader scheduled a CLARITY Act cloture vote for September 15. If it passes, expect SEC action on Regulation Crypto within weeks, potentially reversing current outflow trends.
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