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Bitcoin hovers around $82k, ETF funds continue to flow in

Bitcoin remained volatile near $82k on Monday. The market continued the mild upward trend of the past week, but the dominant sentiment is no longer retail investors, but the ongoing absorption of funds by U.S. spot Bitcoin ETFs and the advancement of Washington’s regulatory agenda.

As of press time, Bitcoin has risen about 0.65% compared to Sunday morning. However, the current price is still below the levels from a year ago and significantly below the peak of over $126k in October 2025.

ETF Continues to Absorb Funds

U.S. spot Bitcoin ETFs recorded approximately $1.9 billion in net inflows in April, marking the strongest monthly performance since October 2025, and restoring the year-to-date net fund flow to positive. Since the launch of these products in 2024, the total net inflow of such ETFs has approached $58 billion.

According to the data, these funds currently hold over 1.3 million BTC. During some periods in April, daily absorption reached hundreds of coins, significantly higher than the new mining supply during the same period, further reducing the circulating supply available on exchanges.

Since early May, spot Bitcoin ETFs have recorded net inflows for nine consecutive trading days, totaling about $2.7 billion. It is estimated that this has taken approximately 33k to 35k BTC out of the tradable supply in the market. The funds mainly flow into BlackRock’s IBIT and Fidelity’s FBTC, with IBIT being viewed as an important indicator of institutional sentiment.

CLARITY Act Becomes a New Focus

In addition to fund flows, progress in U.S. regulation is also influencing the market. One of the current focal points is the CLARITY Act, which is advancing in Congress. The bill aims to delineate the scope of digital assets primarily regulated by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Reports mention that the bill is nearing the Senate Banking Committee review stage. After reaching a consensus on stablecoin yield provisions, the goal is to push the bill to a full Senate vote this summer.

This process builds on last year’s GENIUS Act, which established a comprehensive regulatory framework for payment stablecoins and set a deadline of July 2026 for subsequent rules.

Banking Industry and Crypto Industry Open Clash

Just before the Senate Banking Committee’s review, the American Bankers Association launched lobbying efforts to block the progress of the Digital Asset Market Clarity Act. In a letter to member banks, CEO Rob Nichols stated that the stablecoin yield arrangements in the bill could lead to deposits flowing from traditional banks to payment stablecoins, potentially disrupting financial stability and economic growth.

This statement quickly triggered counterattacks from the crypto industry and supporting legislators. Coinbase Chief Legal Officer Paul Grewal said that banks had already made concessions during negotiations at the White House. Senator Bernie Moreno accused banks of trying to suppress innovation and expressed support for advancing the bill.

Additionally, the White House continues to promote the “Strategic Bitcoin Reserve” framework, discussing how the government can manage seized Bitcoin without directly increasing budget expenditures. If these arrangements are ultimately codified into law rather than remaining at the administrative level, government-held Bitcoin expectations could continue to influence the market.