Crypto Legislation Fuels US BTC-Spot ETF Demand
The CLARITY Act’s progress on Capitol Hill limited the impact of rising geopolitical tensions from tariffs, boosting demand for BTC-spot ETFs. Bitcoin and the Crypto Market Structure Bill will reportedly be on the floor this coming week, dubbed ‘crypto week.’
Crypto in America host and journalist Eleanor Terrett remarked:
“For those asking about GENIUS – as part of Crypto Week, the House is planning to bring it to a full vote on the floor next week alongside CLARITY and the Anti-CBDC Surveillance State Act. If GENIUS passes, it will head to President Trump’s desk. CLARITY and Anti-CBDC will go on to the Senate.”
Progress toward a clear crypto regulatory landscape pushed demand for BTC-spot ETFs. According to Farside Investors, key flows for the week ending July 11 included:
iShares Bitcoin Trust (IBIT) had weekly net inflows of $1,759 million.
Fidelity Wise Origin Bitcoin Fund (FBTC) saw net inflows of $399.9 million.
ARK 21Shares Bitcoin ETF (ARKB) reported net inflows of $339.1 million.
Total net inflows reached $2,717.5 million, the largest since the week ending December 6 and the third biggest since launching in January 2024.
BlackRock’s (BLK) IBIT continued to grab the crypto headlines. IBIT ranked #2 on the weekly inflow rankings, while BlackRock’s iShare Ethereum Trust (ETHA) ranked #6, with inflows of $675.14 million.
