According to recent data, digital asset fund inflows reached a significant milestone last week, totaling $857.9 million. This marks the largest weekly total since April 24 and represents the sixth consecutive week of gains in this sector.
The surge can be attributed, in part, to renewed investor optimism tied to the CLARITY Act, a legislative compromise on stablecoin yields introduced earlier this month. The Senate Banking Committee is expected to formally review the legislation later this week, which may provide further clarity and boost market confidence.
Bitcoin led the charge, with $706.1 million in inflows pushing its price above $80,000 mid-week - its highest level since February. This breakthrough serves as a key psychological level, signaling growing institutional and retail appetite for the cryptocurrency.