Bitcoin experienced a slight profit-taking pause after a week of gains, dropping by up to 0.5% before stabilizing just above $72,400. U.S. bitcoin exchange-traded funds (ETFs) reported significant inflows for the second consecutive day, with $893 million invested on Wednesday, following $879 million on Tuesday. Total net inflows since ETFs' inception in January have reached $24 billion. BlackRock's IBIT ETF attracted the majority of the inflows, drawing in a record $872 million. This surge in inflows highlights robust institutional demand as bitcoin's market dominance rises, currently standing at 59.8%. Analysts pointed out that BTC has notably outperformed ether, with a nearly 10% increase over the past week. Powerful inflows in the ETF sector, combined with bitcoin's current pricing trends, underscore increasing investor interest in cryptocurrency, particularly following positive market trajectories in equities and commodities such as gold. This continued demand hints at a positive market outlook in light of upcoming elections and market events.

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