Bitcoin spot ETF IBIT saw net inflows for the seventh consecutive week, with a single-day inflow of $269.3 million yesterday. The House Ways and Means Committee and the Senate Markup Committee held closed-door meetings today simultaneously on crypto tax r

According to BBX data, on May 13th, US Bitcoin spot ETFs saw a total net inflow of approximately $358.1 million, with BlackRock's IBIT experiencing a single-day net inflow of $269.3 million, marking its strongest single-day performance in recent weeks. Overall, it has seen seven consecutive weeks of positive net inflows, strengthening the signal of continued institutional fund return. Bitcoin closed above $80,000 that day, with a year-to-date increase of approximately 14%. On May 14th, the House Ways and Means Committee and the Senate Banking Committee simultaneously advanced their crypto-related agendas. The House held a closed-door meeting on crypto tax reform, covering topics such as capital gains tax treatment for crypto assets and tax reporting responsibilities for DeFi protocols. The Senate advanced the CLARITY Act markup. This marks the first time in 2026 that both houses of Congress have simultaneously advanced crypto regulatory legislation, signifying the expansion of crypto legislation from a single market structure issue to a complete ecosystem of "regulatory framework + tax system."