CoinShares Reports $857.9M Weekly Inflows as Bitcoin Tops $80K

1 hour ago 3 sources positive

Key takeaways:

  • The CLARITY Act's resolution signals regulatory maturation, encouraging sustained institutional inflows.
  • Massive short-Bitcoin outflows reveal bear exhaustion, reducing near-term downside risk.
  • Ethereum’s inflow reversal amid Bitcoin strength hints at broad-based altcoin rotation.

According to CoinShares' latest weekly fund flow report, digital asset investment products attracted an impressive $857.9 million in inflows last week, marking the sixth consecutive week of positive momentum. This figure represents the strongest weekly performance since the end of April, driven largely by a compromise on the stablecoin yield mechanism within the CLARITY Act and a breakout in Bitcoin's price above $80,000.

The CLARITY Act, which emerged from a bipartisan agreement concluded on May 1 by Senators Alsobrooks and Tillis, successfully withstood opposition from the banking sector on May 4. This regulatory clarity has renewed investor confidence, contributing to the robust inflows. The total assets under management (AuM) for crypto investment products reached $160 billion in the same period.

Bitcoin (BTC) dominated the inflows with $706.1 million, pushing its year-to-date net flows to $4.9 billion. In a notable shift, short-Bitcoin products saw outflows of $14.4 million—the largest weekly withdrawal of the year—suggesting that bearish hedging positions were being closed as belief in the bull trend solidified. Among altcoins, Ethereum (ETH) reversed its previous week's outflow of $81.6 million by recording an inflow of $77.1 million. Solana (SOL) pulled in $47.6 million, while XRP added $39.6 million and Chainlink (LINK) attracted $1.4 million, reflecting growing engagement across the broader altcoin sector.

Regionally, the United States led with a massive $776.6 million inflow, a sharp rebound from the prior week's $47.5 million. Germany followed with $50.6 million, Switzerland contributed $21.1 million, and the Netherlands added $4.0 million, while Sweden recorded a minor outflow of $2.2 million.

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