Digital Asset Inflows Hit $858M in Largest Week Since April
Digital asset investment products attracted $857.9 million last week, the largest single-week total since April 24, according to CoinShares. Bitcoin led with $706.1 million, bringing its year-to-date total to $4.9 billion, while short-Bitcoin products saw $14.4 million outflows, the steepest this year. Ethereum reversed prior-week outflows with $77.1 million in inflows; Solana and XRP added $47.6 million and $39.6 million, respectively. Total assets under management reached $160 billion. The surge is driven by progress on the U.S. Digital Asset Market Clarity Act (CLARITY Act), which moves to a Senate markup this Thursday with a June floor vote planned. Analysts cite the act as a catalyst, though caution that inflows may reflect capital rotation and dip-buying rather than a confirmed long-term bull cycle. Key risks include banking opposition to the act, geopolitics, and this week's CPI inflation data, which could impact Fed policy and liquidity conditions.
Key facts
- Digital asset inflows reached $857.9M last week, the highest since April 24.
- Bitcoin led with $706.1M inflows, while short-Bitcoin outflows hit $14.4M.
- Ethereum, Solana, and XRP posted $77.1M, $47.6M, and $39.6M inflows.
- CLARITY Act progress is a key catalyst; Senate markup set for Thursday.
- Analysts warn inflows may be tactical amid geopolitical and inflation risks.