Huo Xing Finance reports, according to BBX data, institutional demand for Bitcoin ETFs remained strong yesterday. Today, for the first time, both chambers of Congress advanced cryptocurrency legislation simultaneously. Key developments include: Yesterday (May 13), U.S. spot Bitcoin ETFs recorded total net inflows of approximately $358.1 million. Of this, BlackRock, Inc. (NYSE: $BLK)'s iShares Bitcoin Trust (NASDAQ: $IBIT) saw net inflows of $269.3 million—the strongest single-day inflow in several weeks. Overall, U.S. spot Bitcoin ETFs have now recorded seven consecutive weeks of net positive inflows, further reinforcing the structural signal of sustained institutional capital returning. Bitcoin closed above $80,000 yesterday, up about 14% year-to-date; market sentiment remained cautiously optimistic ahead of the CLARITY Act markup. Today (May 14), the U.S. House Ways & Means Committee held a closed-door session on cryptocurrency tax reform concurrently with the Senate Banking Committee’s markup of the CLARITY Act. Topics included the tax treatment of capital gains on crypto assets, tax reporting responsibilities for DeFi protocols, and the tax classification of Bitcoin mining and staking rewards. This marks the first time in 2026 that both chambers of Congress have advanced cryptocurrency regulatory legislation on the same day, signaling that crypto regulatory legislation has expanded from isolated market structure issues to a comprehensive legislative ecosystem encompassing both "regulatory framework" and "tax system."
Bitcoin ETFs see $35.8M weekly inflow; IBIT hits $26.9M single-day inflow as Congress advances tax reform
MarsBitShare
Summary
Bitcoin breaking news: Bitcoin spot ETFs recorded $35.8 million in net inflows for the week ending May 13, 2026, with BlackRock’s IBIT attracting $26.9 million in a single day. This marks the seventh consecutive week of positive flows. On May 14, the House and Senate committees convened to discuss the CLARITY Act, focusing on crypto tax regulations. Bitcoin news reflects growing legislative momentum, as both chambers advance tax reform for the first time in 2026.
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