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Crypto

Bitcoin, Ethereum ETPs see $1 billion outflow; altcoins mixed

Crypto exchange-traded products (ETPs) saw a $1.07 billion outflow last week, ending a six-week run of inflows. CoinShares data showed withdrawals concentrated in bitcoin and ether products. U.S. investors pulled $1.14 billion, while some European markets posted small inflows. XRP and Solana products attracted funds. The moves coincided with a late-week dip in the S&P 500 and concerns about oil shipping disruptions near the Strait of Hormuz.

Crypto

Progress on U.S. CLARITY Act but 60 votes in full Senate uncertain

The U.S. Senate Banking Committee approved the CLARITY crypto market structure bill by 15 to 9, with two Democrats joining Republicans. Support in the full Senate remains uncertain as those Democrats set conditions tied to ethics language. U.S. banking groups also urged changes to stablecoin provisions, warning of regulatory loopholes. The bill must be reconciled with another Senate version and needs at least 60 votes in the full chamber.

Crypto

U.S. Senate banking panel CLARITY bill lifts bitcoin on hopes of clearer rules

Bitcoin jumped to $81,000 after the U.S. Senate Banking Committee approved the CLARITY bill. The measure passed 15 to 9, mostly along party lines, with two Democrats voting in favor. The bill must still pass the House before going to President Donald Trump if lawmakers agree on a final text. Crypto industry groups broadly support the push for clearer rules, while banks raise concerns over stablecoin rewards and potential deposit outflows.