Ted Hisokawa
May 11, 2026 11:24
Crypto ETPs record $858M inflows, driven by Bitcoin’s surge past $80K and optimism over US CLARITY Act developments.
Cryptocurrency exchange-traded products (ETPs) attracted $858 million in inflows last week, according to a report by CoinShares, marking the sixth consecutive week of positive flows. This brings the streak’s total to $4.9 billion, the longest since mid-2025. The surge was fueled by Bitcoin (BTC) breaking above $80,000 and renewed optimism around U.S. crypto legislation.
The U.S. CLARITY Act, particularly its finalized compromise on stablecoin yields announced May 1, appears to have bolstered investor sentiment. James Butterfill, head of research at CoinShares, highlighted the legislative clarity as a key driver for the inflows.
Bitcoin Dominates Inflows, Shorts See Major Outflows
Bitcoin investment products led the charge with $706 million in inflows last week, pushing year-to-date flows to $4.9 billion. This coincided with a sharp decrease in short-BTC products, which saw their largest weekly outflow of 2026 at $14 million. The data suggests traders are reducing bearish positions as confidence in Bitcoin’s rally grows.
Other cryptocurrencies also saw inflows. Ether (ETH) reversed its prior week’s $81 million outflows with $77 million in new investments. Solana (SOL) and XRP (XRP) followed suit, posting inflows of $48 million and $40 million, respectively.
Profit-Taking Caps Gains Late in the Week
Despite the strong inflows, late-week profit-taking tempered Bitcoin’s trajectory. After briefly dipping below $80,000 on Thursday, U.S.-listed spot Bitcoin ETFs recorded $423 million in outflows over Thursday and Friday, reducing net weekly inflows to $623 million, according to SoSoValue data.
Onchain analytics platform CryptoQuant reported realized profits of 14,600 BTC—or $1.1 billion—on Monday, the largest single-day profit-taking since December 2025. This aligns with comments from Laser Digital’s derivatives trading desk, which noted that many investors had pre-positioned for a rally, leading to significant profit-taking as Bitcoin hit three-month highs.
Looking Ahead
With total crypto ETP assets under management now exceeding $160 billion, the highest since February, traders will watch closely for further regulatory developments and market signals. Bitcoin’s ability to sustain levels above $80,000 could hinge on whether profit-taking subsides or accelerates in the coming weeks.
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