ETF Inflows Compete with Fork Risks in Volatile Market

Bitcoin traded below $65,000 on Sunday as demand from US spot ETFs supported the market. However, concerns over the stalled minority BIP-110 chain increased pressure.

The Bitcoin price was around $64,800 at 07:54, down 0.28% over the day. Despite the mixed picture for investors, money continued to flow into Bitcoin and Ethereum funds, while trading activity remained near multi-year lows.

Last week, US spot Bitcoin and Ether ETFs collectively received $1.1 billion, their best result since April. BlackRock's iBit accounted for more than 80% of the total inflows, with Fidelity's FBTC adding another $116.4 million. Ethereum ETFs also maintained a positive streak, attracting $244.9 million over the week.

The BIP-110 fork has nearly stalled, with its chain producing only two blocks in eight hours compared to 48 blocks on the main Bitcoin network. The minority chain inherited Bitcoin's mining difficulty but did not receive enough hash rate for stable block production.