Global crypto funds have extended their positive streak into a sixth straight week amid growing rally conviction and a boost from improving sentiment around the CLARITY Act ahead of its long‑delayed Senate Banking markup.
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Bitcoin Leads Crypto Funds $858M Inflows
Global crypto investment products have extended their positive streak for the sixth consecutive week after posting $857.9 million in inflows over the past week. The funds saw a significant surge from the modest $117 million recorded on the week that ended on April 24.
As Bitcoin surged to its highest levels in months, funds based on the flagship crypto led last week’s boom, drawing $706.1 million and bringing year-to-date (YTD) flows to $4.9 billion, according to CoinShares data. Conversely, short Bitcoin products saw $14.4 million in outflows, its largest withdrawals of the year, indicating traders are unwinding hedges amid growing rally conviction.
Altcoin-based products also posted positive results, with Ethereum funds recording $77.1 million in inflows, a significant recovery from the $81.6 million in outflows the prior week. Solana and XRP investment products followed, bringing $47.6 million and $39.6 million, respectively. Notably, multi-asset products were the only category to see a negative performance, with $5.5m in outflows.
Regionally, US crypto funds dominated last week, drawing $776.6 million in inflows. This marked a strong recovery from the previous week, when they only brought in $21.1 million.
It’s worth noting that US crypto exchange-traded funds (ETFs) recently saw their best monthly performance since October 2025, with over $2 billion in inflows across all major categories.
As reported by News BTC, Bitcoin ETFs recorded their second straight month of massive gains, posting $1.97 billion in April, while Solana funds continued their seven-month positive streak, with $38.69 million in inflows. Meanwhile, Ethereum and XRP ETFs rebounded last month, with a strong recovery from their March performance.
CLARITY Act Fuels US Sentiment
CoinShares’ head of research, James Butterfill, attributed last week’s performance to progress on the US crypto market structure bill, known as the CLARITY Act, which has been stalled on the Senate Banking Committee for nearly four months.
He explained that crypto funds’ recovery is likely fueled by improving sentiment around the CLARITY Act after Senator Thom Tillis and Angel Alsobrooks released the final text of the stablecoin yield compromise and “held firm” against recent banking-industry pushback.
Over the past week, US banking trade groups have led efforts to push for amendments to the stablecoin yield compromise ahead of the crypto bill’s upcoming markup session. The groups have argued that the current language still leaves room for rewards programs that could effectively replicate yield.
However, Senate sources have told journalist Eleanor Terret that the effort was “pretty milquetoast,” adding that “members have already shifted their focus to wrapping up other issues in the bill like ethics.”
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Meanwhile, Coinbase, Kraken, and Gemini are pushing lawmakers to scrap a key provision requiring exchanges to list only digital assets that are “not readily susceptible to manipulation,” arguing that the provision would be difficult to apply fairly to crypto, especially to smaller tokens that are traded less frequently.
The Senate Banking Committee’s long-awaited markup session for the CLARITY Act has been scheduled for Thrusday, May 14.
Featured Image from Unsplash.com, Chart from TradingView.com
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