Global Crypto Funds Log $858M Inflows in Sixth Straight Positive Week as Clarity Act Advances

According to CoinShares, global crypto investment funds attracted $857.9 million in net inflows last week, marking the sixth consecutive positive week and the strongest weekly total since late April.

James Butterfill, the firm's head of research, attributed the acceleration to improving sentiment around the Clarity Act, particularly following the stablecoin yield compromise released by Senators Tillis and Alsobrooks on May 1. Bitcoin broke above $80,000 mid-week, its highest level since February, as the political tailwind built. The Senate Banking Committee is set to mark up the legislation this week, with the White House eyeing a July 4 passage deadline. Bitcoin funds drew $706.1 million of the total inflows, lifting year-to-date flows to $4.9 billion, while Ethereum ETFs rebounded with $77.1 million and Solana products added $47.6 million.