Bitcoin ETFs Fuel Significant Investments Amidst Market Stagnation

Despite a generally stable crypto market, Bitcoin exchange-traded funds (ETFs) witnessed substantial inflows this week, attracting $590 million in investment over six days, led by BlackRock’s IBIT with nearly $970 million. This surge comes as Bitcoin continues to trade above $94,000 and analysts predict a possible move towards the $100,000 mark. Bitcoin ETFs saw significant inflows this week, signaling potential investor confidence despite limited movement among other altcoins. Market activity is largely tied to awaited economic data releases in the US. 8.5% drop of Monero (XMR) after a reported hack.