Bitcoin has surged to a new all-time high of $109,486, driven by significant inflows into spot exchange-traded funds and positive regulatory developments in the U.S. Analysts believe this rally is more sustainable than previous ones due to favorable market conditions and a lack of speculative enthusiasm.

Luxembourg's sovereign wealth fund has made a significant investment in Bitcoin exchange-traded funds (ETFs), signaling a growing acceptance of cryptocurrencies among institutional investors. This move aligns with the fund's strategy to diversify its investment portfolio and capitalize on the potential of digital assets.

The article discusses the recent developments in Bitcoin market stability, particularly in relation to the potential approval of Bitcoin exchange-traded funds (ETFs). It highlights how these ETFs may contribute to a more stable market environment for Bitcoin and attract institutional investors.

The SEC has requested updated S-1 filings from issuers of spot Solana ETFs, indicating potential approval within the next two to four months, according to Bloomberg analyst Eric Balchunas. Following news of this timeline, Solana's price increased, and stocks of companies associated with Solana also saw significant gains.

U.S. spot Bitcoin ETFs have achieved a 10-day inflow streak totaling $4.2 billion, with BlackRock's IBIT accounting for 96% of this figure. Since its launch, IBIT has amassed $72 billion in assets and has seen no net outflows since April 9, reflecting strong market interest. Trading activity remains high, with IBIT dominating the trading volume among Bitcoin ETFs.