[News Brief] Apr 22, morning | Bitcoin Spot ETFs See $1.039 Billion in Net Outflows, Ending Six-Week Inflow Streak

Bitcoin spot ETFs recorded $1.039 billion in net outflows last week, ending a six-week streak of net inflows.

Source: Odaily

According to SoSoValue data, U.S. spot Bitcoin ETFs posted weekly net outflows of $1.039 billion from May 11 to May 15, Eastern Time.

The largest net outflow came from Ark & 21Shares’ ARKB at $324 million. BlackRock’s IBIT also saw net outflows of $317 million over the same period.

Meanwhile, Grayscale Bitcoin Mini Trust recorded net inflows of $12.604 million.

As of the time of reporting, total net assets of spot Bitcoin ETFs stood at $104.29 billion, while cumulative net inflows reached $58.34 billion. Capital flows in spot Bitcoin ETFs are widely used as a key indicator of institutional investor demand.

The CLARITY Act, aimed at establishing a U.S. digital asset regulatory framework, has advanced to the full Senate voting stage.

According to Odaily, Galaxy Head of Research Alex Thorn said on X that the U.S. Senate Banking Committee passed the CLARITY Act by a 15-9 vote.

He outlined the expected timeline as follows: June 1 for coordination between the Senate Banking Committee and Agriculture Committee, June 15 for full Senate debate, June 22 for a possible final vote, and July 13 for completion of House-Senate reconciliation.

If the schedule proceeds as planned, President Trump could sign the bill into law in early August.

Alex Thorn said Democrats are focusing particularly on ethics provisions that would restrict digital asset holdings and profits for senior public officials and their families, while DeFi regulation and the Blockchain Regulatory Certainty Act (BRCA) remain under negotiation.

The CLARITY Act is intended to establish regulatory standards and investor protection measures for the U.S. digital asset market.

Bitcoin ATM operator Bitcoin Depot, listed on Nasdaq, has filed for Chapter 11 bankruptcy protection in the U.S. District Court for the Southern District of Texas and plans to gradually wind down operations, according to PANews.

CEO Alex Holmes said changes in the regulatory environment, including the introduction of transaction limits by individual states and restrictions or bans on Bitcoin ATM operations, have made the company’s existing business model unsustainable.

Previously, Bitcoin Depot disclosed a $3.7 million loss from a security breach in April and recently announced a delay in filing its first-quarter financial report due to significant deficiencies in cash transport reconciliation procedures.

Based on preliminary unaudited figures, first-quarter revenue fell 49.2% year-over-year, while net loss totaled $9.5 million. In the same period last year, the company posted net income of $12.2 million.

Founded in 2016, Bitcoin Depot is known as the largest Bitcoin ATM network operator in North America, with more than 9,000 machines.

After the yield on 30-year U.S. Treasuries broke above 5%, the highest level in 20 years, fears of a global bond sell-off have continued, Odaily reported.

Japan’s 10-year government bond yield rose to 2.8%, the highest in 30 years, while South Korean stocks plunged intraday, triggering a circuit breaker. Gold prices also fell below $4,500.

Investors believe pressure on bond markets may persist as concerns continue over disruptions to oil transport through the Strait of Hormuz amid Middle East tensions. Priya Misra, portfolio manager at J.P. Morgan Asset Management, said rising long-term yields are spreading globally, and the possibility of further Federal Reserve rate hikes has emerged as a key market variable.

President Trump warned Iran that “time is running out,” saying it could suffer a larger blow if it does not present a better deal.

PANews, citing Jinshi, reported that Trump made the remarks in a call with Axios. U.S. officials said Trump wants an agreement to end the war, but as Iran continues to refuse meaningful concessions related to its nuclear program, military options are again being reviewed.

According to two U.S. officials, Trump is scheduled to meet with senior national security advisers on Tuesday to discuss military action options.

South Korea’s Financial Services Commission is reviewing whether Hana Bank’s indirect ownership of Dunamu shares violates guidelines restricting financial institutions from investing in virtual assets, according to PANews, citing iNews24.

The FSC’s virtual asset division said it will review Hana Bank’s planned indirect holding of Dunamu shares through its acquisition of a stake in Kakao Investment under the same standards applied to investments in virtual asset exchanges.

Since 2017, the South Korean government has maintained administrative guidelines restricting financial institutions from holding, purchasing, or investing in virtual assets. If a potential violation is confirmed, Hana Bank may face difficulties completing the transaction.

Hana Bank previously announced its acquisition of a 6.55% stake in Dunamu, but it was reported that the bank had not consulted financial authorities in advance. Relevant legislation has not yet been established, though discussions in the National Assembly may follow.

U.S. spot Ethereum ETFs posted $255 million in net outflows last week, with BlackRock’s ETHA seeing the largest outflow at $185 million.

According to Odaily, citing SoSoValue data, U.S. spot Ethereum ETFs recorded weekly net outflows of $255 million from May 11 to May 15, Eastern Time.

BlackRock’s ETHA posted $185 million in net outflows for the week, while its cumulative net inflows stand at $11.81 billion. Fidelity’s FETH recorded net outflows of $59.8877 million, the second-largest outflow.

Meanwhile, BlackRock’s ETHB saw net inflows of $5.8296 million last week. As of the time of reporting, total net assets of spot Ethereum ETFs stood at $12.93 billion, with cumulative net inflows reaching $11.83 billion.

Odaily, citing Onchain Lens, reported that a mystery whale associated with ShapeShift purchased 2,656 ETH using 5.68 million USDC.

The wallet currently holds 129,667 ETH, valued at $274.78 million. The reason behind the purchase has not been disclosed.

PANews reported on the 18th, citing SoSoValue data, that spot SOL ETFs recorded net inflows of $58.1181 million during the previous trading week (May 11-15, Eastern Time).

By product, Bitwise’s BSOL led with $41.3719 million, while Fidelity’s FSOL recorded $10.3854 million. Cumulative net inflows stand at $903 million for BSOL and $171 million for FSOL.

As of the time of reporting, total net assets of spot SOL ETFs stood at $1.01 billion, and ETF net assets accounted for 1.95% of SOL’s total market capitalization. Cumulative net inflows reached $1.12 billion.

Spot XRP ETFs recorded net inflows of $60.495 million last week.

PANews reported on the 18th, citing SoSoValue data, that weekly net inflows into spot XRP ETFs totaled $60.495 million from May 11 to May 15, Eastern Time.

By product, the Bitwise ETF XRP recorded the largest net inflow at $25.6775 million. Its cumulative net inflows stand at $460 million.

Franklin Templeton’s ETF XRPZ recorded net inflows of $21.042 million during the same period, bringing cumulative net inflows to $378 million.

As of the time of reporting, total net assets of spot XRP ETFs stood at $1.18 billion, representing 1.33% of XRP’s total market capitalization, while cumulative net inflows reached $1.39 billion.