U.S. spot Bitcoin ETFs turned negative at the end of last week, ending a nine-day inflow streak that had brought in a total of $2.8 billion. Robert Mitchnick, BlackRock’s head of digital assets, said the CLARITY Act is less critical for Bitcoin than for the rest of the crypto market, with unsettled regulatory areas concentrated in altcoins, DeFi, and complex crypto categories. He added that institutional investors do not treat additional legislation as a base-case assumption, viewing it instead as potential upside. Cumulative net inflows stood at $55 billion with total net assets at $98.6 billion as Bitcoin traded near $78,500. Bill H.R. 3633 (Digital Asset Market Clarity Act of 2025) passed the House but had not yet been enacted into law.
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