US spot Bitcoin ETFs recorded $532.21 million in net inflows on Monday as Bitcoin pushed back above the $80,000 mark amid improving risk sentiment following the ceasefire agreement between the US and Iran.BlackRock’s iShares Bitcoin Trust (IBIT) led the pack with $335.49 million in daily inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $184.57 million, according to SoSoValue data. Morgan Stanley’s Bitcoin ETF (MSBT) was the only other fund to post positive flows on the day, adding $12.16 million. The remaining funds recorded no new inflows.Monday’s inflows extended a three-day winning streak. On Friday, the funds pulled in $629.73 million, while Thursday saw a modest $14.76 million. The streak came after three consecutive days of outflows in which funds shed $490.63 million, the heaviest sustained redemption period in recent weeks.Spot Bitcoin ETFs weekly inflows. Source: SoSoValueThe inflow surge comes as Bitcoin surges above $80,000 for the first time in more than three months. The leading cryptocurrency is currently trading at around $81,029, up 1.5% over the past day, according to data from CoinMarketCap.Related: Bitcoin ETFs snap nine-day inflow run as BTC slips below $77KBitcoin reclaims $80,000 on post-ceasefire bounceIn a recent note, Bitunix analysts said that the surge comes as Bitcoin continues to extend “its post-ceasefire recovery in risk appetite.” According to the analyst, BTC reclaimed the key $80,000 psychological level after a concentrated short-side liquidity squeeze in the $79,500-$81,000 range, with the $77,000-$78,000 zone now acting as the primary support for leveraged longs.However, the bigger picture is more complicated, the Bitunix analysts said, adding that macro and geopolitical forces are increasingly driving crypto price action. The US military’s launch of “Operation Freedom,” deploying 15,000 personnel to secure shipping lanes through the Strait of Hormuz, has rattled nerves, with Iran warning the move could violate the existing ceasefire framework.At the same time, this week’s US Non-Farm Payrolls report and Federal Reserve commentary are expected to set the tone for risk assets broadly. If inflation expectations stay elevated, the Fed could hold rates higher for longer, squeezing crypto valuations. Softer data, on the other hand, could trigger a rotation back into tech and digital assets.“Overall, BTC is no longer being driven solely by internal crypto-market sentiment, but has entered a phase jointly priced by ‘macro events + liquidity structure,’” the analyst said.Related: Bitcoin ETFs Post Strong April Inflows as Ether Turns PositiveSpot Ether ETFs reboundSpot Ether ETFs also saw $61.29 million in net inflows on Monday. This followed an even stronger session on Friday, which brought in about $101.18 million, helping push cumulative net inflows above $12 billion.The new streak comes as late April saw notable outflows, including $87.73 million on April 29 and $75.94 million on April 23, alongside smaller negative days like April 28 and April 30.Asia Express: North Korea denies crypto hacks, Upbit’s bank tests RippleCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

America’s largest banking groups said they remain dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to protect bank deposits.In a statement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “seeking to achieve the correct policy goal” in prohibiting stablecoin yield but noted that the CLARITY Act’s “proposed language” currently “falls short of that goal.”“It is imperative that Congress get this right,” the American Bankers Association said in a joint statement with the Bank Policy Institute, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America.The dispute between bankers and the crypto industry over stablecoin yield has stalled the bipartisan bill, which passed the House of Representatives in July by a 294-134 vote. There are concerns that the CLARITY Act may not pass before the US midterm elections in November 2026, which could further hinder its progress.Banking groups have previously cited studies suggesting that widespread stablecoin adoption could lead to trillions in outflows from the US banking system, particularly from community banks, which may not have enough balance-sheet flexibility to absorb these outflows without resorting to higher-cost wholesale borrowing. In the Monday statement, the bankers also cited an article by Stanford-trained economist Andrew Nigrinis to argue that stablecoin yields driving bank deposit outflows “could reduce all consumer, small-business, and farm loans by one-fifth or more, making it essential for the prohibition to be clear and transparent.”However, White House economists reported in April that banning stablecoin yield may increase bank lending by only $2.1 billion, a marginal net increase of about 0.02%. Bankers want “loophole” closedThe bankers contested the language of Section 404, arguing that it allows crypto platforms to pay users bank-like interest or yield outside traditional rules. Extract of the “SEC 404. Prohibiting interest and yield on payment stablecoins” document. Source: Alex Thorn“This is a significant loophole that must be addressed,” the bankers said, adding that they will be sharing “detailed suggestions for strengthening the proposed language with lawmakers in the coming days.”Related: Lummis says CLARITY Act offers ‘strongest’ developer protectionsHowever, Tillis said the current text of the CLARITY Act strikes a compromise by prohibiting stablecoin rewards on idle balances while allowing crypto platforms to “offer other forms of customer rewards.”“Most importantly, it helps put us on a bipartisan path to pass the CLARITY Act, providing the regulatory certainty needed to foster innovation. Some in the banking industry may not want either of these things to happen, and we respectfully agree to disagree.”The current text of the CLARITY Act was made public on Friday, with Coinbase and other members of the crypto industry pushing for a Senate markup next week.Magazine: Will the CLARITY Act be good — or bad — for DeFi?Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.