Today in Crypto: Bitcoin drove 71% of last week’s $2.17 billion in crypto fund inflow, the Bitcoin price slumped as Europe considers firing a “trade bazooka” at the US, and market analyst Michaël van de Poppe says the CLARITY Act stalling is actually good news for the industry.
Crypto ETPs gather steam with $2.2 billion inflows, Bitcoin dominates
Crypto investment products continued gathering steam last week, with fund inflows outpacing every other week in 2026 so far and marking the largest gains since October.
Crypto exchange-traded products (ETPs) drew $2.17 billion of inflows last week, European crypto asset manager CoinShares reported on Monday.
The bulk of inflows came earlier in the week, but Friday saw sentiment shift as $378 million in outflows amid Greenland geopolitical escalation and fresh tariff worries, CoinShares’ head of research, James Butterfill, said.
“Sentiment was also weighed down by suggestions that Kevin Hassett, a leading contender for the next US Fed Chair and a well-known policy dove, is likely to remain in his current role,” the analyst added.
Most of last week’s crypto fund gains were concentrated in Bitcoin (BTC), which attracted $1.55 billion of inflows, or more than 71% of the total weekly haul.
Ether (ETH) funds drew $496 million in inflows, while XRP (XRP) and Solana (SOL) funds followed, pulling in roughly $70 million and $46 million, respectively. Smaller altcoins such as Sui (SUI) and Hedera (HBAR) recorded inflows of $5.7 million and $2.6 million.
Bitcoin down, gold futures up as Europe threatens “trade bazooka”
Bitcoin fell almost $3,500 on Monday as Europe hinted at retaliatory measures against US President Donald Trump, who threatened new trade tariffs unless negotiations could begin over Greenland.
Over the weekend, Trump announced plans to impose 10% tariffs starting Feb. 1 on imports from several European countries — including Denmark, Sweden, France, Germany, the Netherlands and Finland — as part of a broader escalation tied to Greenland tensions.
The rate could rise to 25% by June if no agreement is reached.
The European Union is preparing its own potential response, including up to €93 billion in previously delayed retaliatory tariffs and the possible use of its Anti-Coercion Instrument (“trade bazooka”) should the US duties go ahead.
Bitcoin prices dumped 3.6% in a matter of hours, falling from $95,450 to just below $92,000 on Coinbase in early trading on Monday morning, according to TradingView.
Around $750 million in long positions were liquidated in four hours, bringing total 24-hour liquidations to over $860 million, according to Coinglass. The asset had marginally recovered from its weekly low, trading at $92,580 at the time of writing.
CLARITY Act stalling is actually good news for the crypto industry: Analyst
The CLARITY crypto market structure bill stalling and failing to advance is positive for crypto markets and the broader industry, according to market analyst Michaël van de Poppe.
Van de Poppe cited the list of concerns about the bill outlined by Coinbase CEO Brian Armstrong in an X post on Wednesday.
The concerns include a ban on tokenized stocks, government access to user records on decentralized finance (DeFi) platforms and expanding the prohibition on yield-bearing stablecoins. Van de Poppe said:
“I think if the bill were approved in its current form, it would have had a very bad impact on the markets in general. So, now, all the parties are aligned to continue the discussion.”
The CLARITY Act is one of the major pieces of crypto regulatory legislation in the US, alongside the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a regulatory framework for US dollar stablecoins.
