Bitcoin ETF inflows extend to a seventh straight week; BlackRock's IBIT posts $269.3M one-day haul as Congress moves on crypto taxes and the CLARITY Act

Huo Xing Finance reports that BBX data show institutional appetite for Bitcoin ETFs stayed firm. On May 13, U.S. spot Bitcoin ETFs logged total net inflows of about $358.1 million. BlackRock, Inc. (NYSE: $BLK) iShares Bitcoin Trust (NASDAQ: $IBIT) led the group with $269.3 million of net inflows, the strongest single-day intake in several weeks. The latest tally extends the run of net positive flows for U.S. spot Bitcoin ETFs to seven consecutive weeks, reinforcing expectations that institutional capital is returning in a sustained way. Bitcoin finished above $80,000 on May 13 and is up roughly 14% year to date. Traders remained cautiously optimistic ahead of the CLARITY Act markup. On May 14, Congress moved on crypto policy on two tracks at once. The House Ways & Means Committee convened a closed-door session focused on cryptocurrency tax reform, while the Senate Banking Committee marked up the CLARITY Act. Discussions covered capital-gains treatment for crypto assets, tax-reporting obligations for DeFi protocols, and how Bitcoin mining and staking rewards should be classified for tax purposes. It was the first time in 2026 that both chambers advanced crypto-related legislation on the same day, a sign that Washington's approach is shifting beyond stand-alone market-structure debates toward a broader package spanning both a regulatory framework and the tax system.