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.
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.
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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.
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