President Trump urged Congress to pass the Clarity Act at a White House crypto meeting with major exchange executives and suggested the U.S. could add to its Strategic Bitcoin Reserve. Spot Bitcoin ETFs saw $103.3 million in net inflows on Aug. 20, after $517.2 million on Aug. 19, while spot Ethereum ETFs added $8.6 million.
Matters because: continued ETF inflows show institutional participation is still there, but the sharp slowdown from the prior day raises the question of whether spot demand can sustain the move without more short-covering.