Today in crypto, US spot Ethereum ETFs snapped a five-day inflow streak while industry groups urged Senate leaders to prioritize a vote on the CLARITY Act before the August recess. Plus, Hyperliquid\u2019s tokenized real-world asset markets became the platform\u2019s largest trading category by volume for the first time.<\/p>\n
US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday<\/a>, ending a five-day inflow streak.<\/p>\n Ethereum funds saw $211.25 million in net inflows over the previous five sessions from July 17 to Thursday, according to SoSoValue\u00a0data<\/a>. They still posted $103.9 million in net inflows for the week ended Friday.<\/p>\n Despite the outflows, Ethereum ETFs extended their weekly inflow streak to three straight and have attracted $337.74 million in net inflows so far in July.<\/p>\n Spot crypto ETF flows have become one of the market\u2019s most closely watched gauges of demand for Bitcoin (BTC) and Ether (ETH) through traditional investment products.\u00a0<\/p>\n The reversal followed a similar pattern in Bitcoin ETFs, which ended a seven-day inflow streak on Thursday and recorded another $240.08 million in net outflows on Friday.<\/p>\n Three leading US crypto advocacy groups have urged Senate leaders to bring the CLARITY Act to the floor<\/a> before lawmakers leave Washington for the August recess, warning that further delays could stall long-awaited digital asset regulation.<\/p>\n In a joint letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the Crypto Council for Innovation, Digital Chamber and Blockchain Association called on lawmakers to prioritize the market structure bill while bipartisan negotiations continue. The legislation has already cleared the Senate Banking and Agriculture committees but still requires 60 votes to pass, with several Democrats withholding support over concerns that its ethics provisions do not go far enough to prevent conflicts of interest.<\/p>\n Industry leaders argue the bill would establish the first comprehensive federal framework for digital assets, replacing what they describe as a fragmented regulatory system. Coinbase CEO Brian Armstrong said the legislation would strengthen consumer protections and law enforcement while encouraging innovation to remain in the US. Orest Gavryliak, chief legal officer at DeFi platform 1inch, said<\/a> the bill would better recognize non-custodial protocols instead of forcing them into traditional financial rules.<\/p>\n Failure to secure a Senate vote before the August recess could delay consideration until closer to the 2026 midterm elections, complicating the bill\u2019s path forward.<\/p>\n Perpetual decentralized exchange (DEX) Hyperliquid\u2019s weekly trading volume in tokenized RWAs exceeded that of all other asset categories<\/a> combined for the first time.<\/p>\n RWAs generated $25.1 billion in trading volume from July 13 to July 19, accounting for 52% of Hyperliquid\u2019s total weekly volume of $48.2 billion, according to Blockworks\u00a0data<\/a>.<\/p>\n \u201cHyperliquid\u2019s RWA market alone was larger than the combined crypto perpetual volume of every other DEX,\u201d wrote ARK Invest\u2019s research director for digital assets, Lorenzo Valente, in a Thursday X\u00a0post<\/a>.<\/p>\n The milestone reflects growing demand for tokenized assets on Hyperliquid. Over the past month, RWA holders grew by 32% to 1.25 million users, while the total value of tokenized RWAs rose by 3.5% to $36.7 billion,\u00a0according<\/a>\u00a0to data aggregator RWA.xyz.<\/p>\n Hyperliquid generated $7.6 million in revenue over the past week,\u00a0according<\/a>\u00a0to DefiLlama.\u00a0The perp DEX ranked third among crypto applications by weekly revenue, behind stablecoin issuers Tether and Circle, which generated $112 million and $45 million, respectively.<\/p>\nCrypto groups urge Senate leaders to prioritize CLARITY Act vote<\/h2>\n
RWAs become Hyperliquid\u2019s largest trading category<\/h2>\n