Digital Asset Inflows Hit $857.9M, Bitcoin Tops $80K

Digital asset investment products recorded $857.9 million in inflows last week, marking the largest weekly total since April 24 and the sixth consecutive week of gains, according to CoinShares. The surge comes amid renewed investor optimism tied to the CLARITY Act, a legislative compromise on stablecoin yields introduced earlier this month.

Bitcoin (BTC) led the charge with $706.1 million in inflows, pushing the cryptocurrency above $80,000 mid-week—its highest level since February. Total assets under management (AuM) for digital investment products climbed to $160 billion, a reflection of the sector's strengthening momentum.

Regional Dominance and Altcoin Participation

The U.S. market dominated inflows, capturing $776.6 million, a sharp rebound from the prior week’s $47.5 million. European markets also showed steady support, with Germany contributing $50.6 million, Switzerland $21.1 million, and the Netherlands $5 million.

Altcoins saw broadened participation, with Ethereum (ETH) pulling in $77.1 million after reversing $81.6 million in outflows the previous week. Other notable inflows included Solana (SOL) with $47.6 million and XRP with $39.6 million. Multi-asset investment products, however, bucked the trend, posting $5.5 million in outflows.

Stablecoin Legislation Boosts Sentiment

The rally coincided with the release of the final compromise text of the CLARITY Act on May 1, which addresses stablecoin yield regulations. Senators Tillis and Alsobrooks held firm against pushback from the banking sector, further boosting investor confidence. The Senate Banking Committee is expected to formally review the legislation later this week.

Interestingly, short Bitcoin products saw $14.4 million in outflows, the largest weekly decline this year. This shift indicates that traders are unwinding bearish hedges as confidence in Bitcoin's price trajectory solidifies.

What’s Next?

With the Senate Banking Committee’s upcoming markup on the CLARITY Act, regulatory clarity may provide a further catalyst for digital assets. For now, Bitcoin’s breakthrough above $80,000 serves as a key psychological level, signaling growing institutional and retail appetite.