Crypto Funds Extend Six-Week Streak With $858M Inflows On CLARITY Act Progress

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.

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.

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.

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.