According to CoinShares, crypto investment products posted about $860 million in net inflows for a sixth straight week, led by Bitcoin as it topped $80,000 and the U.S. CLARITY Act advanced.
Crypto investment products recorded $857.9 million in net inflows in the latest week, or about $860 million in newer reporting, extending a six-week streak of gains, according to CoinShares. Bitcoin products led the flow, while U.S. spot Bitcoin ETFs separately drew $622.75 million during May 4 to 8. CoinShares’ James Butterfill linked the demand to Bitcoin breaking above $80,000 and progress on the U.S. CLARITY Act. Bitcoin short products saw outflows, indicating reduced demand for bearish positioning, while Ethereum, Solana and XRP products also attracted inflows.