
"Bitcoin rallied to $82,000 on May 14 after the Senate Banking Committee passed the CLARITY Act. Spot Bitcoin ETFs took in $131 million the same day, recovering from the brutal $635 million outflow on May 13. XRP and Solana spot ETFs both continued their May inflow streaks. But Ethereum ETFs kept bleeding-the only major spot ETF in outflow on a day every other crypto rallied."
"XRP and SOL ETFs have pulled steady institutional inflows almost every trading day this month, while ETH ETFs have bled four days running. The difference isn't the broader macro conditions-Bitcoin ETF inflows proved that-it's whether each asset has a specific catalyst going for it right now. XRP and Solana do; but Ethereum doesn't."
"XRP spot ETFs pulled $18.52 million on May 14, the same day the CLARITY Act cleared the Senate Banking Committee. That continued one of the best institutional buying streaks XRP ETF funds have seen-aside from only one outflow day across the entire month. Earlier in the week, XRP ETFs recorded $25.80 million inflows, the biggest single-day inflow since early January. Cumulative XRP ETF inflows have now crossed $1.37 billion with total assets at $1.25 billion."
"The CLARITY Act is the catalyst doing the work. The bill codifies XRP as a digital commodity under federal law, which is exactly the regulatory certainty institutional money has been waiting on since the Ripple SEC case. Two Democrats-Ruben Gallego of Arizona and Angela Alsobrooks of Maryland-joined every Republican on Thursday's vote, which gives the bill the bipartisan cover it needs before the 60-vote Senate floor fight in June."
Bitcoin rose to $82,000 after the Senate Banking Committee passed the CLARITY Act, and spot Bitcoin ETFs recorded $131 million in inflows following a $635 million outflow the prior day. XRP and Solana spot ETFs continued streaks of daily inflows, while Ethereum spot ETFs remained the only major spot ETF showing outflows on a day when other cryptocurrencies rallied. XRP spot ETFs pulled $18.52 million on May 14, extending a strong institutional buying run with only one outflow day across the month. XRP ETF cumulative inflows crossed $1.37 billion, with total assets at $1.25 billion. The CLARITY Act is presented as the key catalyst because it codifies XRP as a digital commodity under federal law, providing regulatory certainty after the Ripple SEC case.
Read at 24/7 Wall St.
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