Crypto Market Sees $858M Weekly Inflows as Bitcoin Hits $80K

Crypto investment products experienced a significant boost last week, with a total of $858 million in inflows.

This marks the sixth consecutive week of positive flows, with a total of $4.9 billion invested so far this year. The surge was largely driven by Bitcoin's breakout above $80,000 and renewed optimism around U.S. crypto legislation.

The U.S. CLARITY Act, which finalized a compromise on stablecoin yields in May, is believed to have contributed to the growth. James Butterfill, head of research at CoinShares, noted that legislative clarity was a key driver for the inflows.