Bitcoin Steady Near $87k as ETF Inflows Soar Amid Regulatory Progress

Bitcoin has stabilized near $87k as investors pour in billions of dollars into spot Bitcoin exchange-traded funds (ETFs). The recent surge in capital inflows is a sign that institutional investors are regaining faith in the world's largest cryptocurrency.

The SEC's announcement of an exemption for tokenized stocks on the blockchain has also boosted crypto prices, with broader markets remaining upbeat despite the failure of the Clarity Act in Congress.

Crypto proponents welcomed the move as it opens the door for more integration of blockchain technology into traditional finance. The upcoming summit between US President Donald Trump and Chinese President Xi Jinping is also being closely watched by investors, who are anticipating any shifts in market sentiment due to its focus on artificial intelligence and trade.