US crypto funds shed $952M after transparency law was delayed
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Hassan Shitu
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U.S.-focused digital asset investment funds posted their first weekly outflow in a month, losing $952 million, as delays linked to the long-delayed CLARITY Act rattled investors and reignited worries about regulation.
According to data from CoinShares, digital asset investment products saw a net inflow of $952 million last week, marking the first negative inflow since the end of November.
The retreat was largely driven by delays related to the Digital Asset Market Transparency Act, popularly known as the CLARITY Act, which extended regulatory certainty to crypto companies operating across the US.
The fear of continued sales from the main owners has drawn more attention.
As SOL and XRP survive, Ether and Bitcoin lead crypto funds
The flow of spending was concentrated in the United States, which received a total of $990 million.
This was partially offset by inflows from Canada and Germany, where investors added $46.2 million and $15.6 million, respectively.
Ethereum bore the brunt of the selloff, recording $555 million in outflows.
Analysts have pointed out that the sensitivity of ether control development is higher than most assets, considering the central role of decentralized finance and staking-related products that can be directly affected by the rules of the US market structure.
Despite the recent pullback, Ethereum's investment products have attracted $12.7 billion in revenue so far this year, up from $5.3 billion in the same period in 2024.
Bitcoin products followed closely behind, registering $460 million in outflows. Bitcoin still leads the market in absolute terms, with year-to-date revenue of $27.2 billion, down from $41.6 billion last year.
In general, the assets under management of products traded on crypto exchanges will stand at 46.7 billion dollars, down from 48.7 billion dollars at the same point in 2024, which means that the sector cannot exceed the total of the previous year.
US spot Bitcoin ETFs reflected similar pressure, posting weekly net inflows of $497.05 million since December 19, although cumulative inflows were higher at $57.41 billion.
Conversely, Solana and XRP continue to attract new capital. Solana's investment products recorded revenue of $48.5 million, while XRP products added $62.9 million.
The trend was mirrored in U.S. spot ETFs, where the XRP fund posted weekly gains of $82.04 million, and Solana ETFs added $66.55 million over the same period, extending a multi-month steady accumulation pattern.
The Crypto Market Bill faces a new delay as the Senate votes until January.
The market reacted as lawmakers approved further delays to the CLARITY Act.
On Thursday, White House AI and crypto czar David Sachs announced that the Senate markup of the long-awaited Transparency Act will take place in January 2026, making the bill a 2016 deadline. It is expected to reach President Trump's desk before the end of 2025.
The House approved the bill in July, but the Senate has yet to complete its review, delaying the schedule for a 43-day government shutdown in October and November.
The bill is designed to clarify whether digital assets fall under securities or commodities law and to define the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission.
While proponents argue that it would reduce uncertainty and provide clearer paths to compliance, progress has slowed amid political and procedural challenges.
Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Bozeman are expected to preside over the possible outcome of the amendment before it reaches a full vote.
Sen. Cynthia Lammis previously suggested the bill could reach President Donald Trump's desk before the end of 2025, but that view now appears uncertain as election-year pressures begin to weigh on bipartisan negotiations.
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