Clarity Act Drives $858M Crypto Fund Inflows, Boosting BTC/ETH
CoinShares reported $857.9M net inflows into crypto investment products last week—the largest single-week total since late April—extending a six-week inflow streak and lifting AUM to about $160B. The Clarity Act is cited as the key catalyst behind improving institutional sentiment, as inflows concentrate in majors.
Bitcoin (BTC) led with $706.1M net inflows (YTD: $4.9B). Ethereum (ETH) flipped back to net inflows with $77.1M. Solana (SOL) added $47.6M and XRP recorded $39.6M.
At the same time, short-Bitcoin products saw $14.4M net outflows (their largest this year), suggesting investors are unwinding bearish hedges rather than adding new downside protection. Price action matched the flow: BTC briefly pushed above $80,000 mid-week and topped near $82,000 over the weekend before settling around $81,000.
Looking ahead, the Clarity Act’s U.S. Senate path remains a volatility risk, with markup this Thursday and a planned June floor vote; the White House has targeted early July. Traders may also watch CPI as the next macro trigger to judge whether demand continues as a trend or stays tactical.
Bullish
Net inflows are broad-based across BTC and major alts, with BTC (and ETH) driving the largest positive contributions, while short-Bitcoin products see their biggest outflow of the year—signals that bearish positioning/hedges are being unwound. This combination typically supports upside price pressure in the underlying coins. However, the Clarity Act’s remaining Senate steps introduce event risk, and CPI could quickly change macro expectations, so the bullish bias is tempered by near-term volatility.