Bitcoin ETF approvals spark renewed inflows; Ethereum L2 activity surges

Bitcoin exchange-traded funds drew robust investor interest after the U.S. SEC cleared another batch of spot products this week. Analysts expect growing allocations from pension and sovereign funds as institutional adoption deepens. Ethereum Layer-2 networks also saw total value locked rise by $5.6 billion, signaling revived developer momentum and liquidity migration to scaling chains. Market strategists say the twin trends strengthen the case for a new cycle in decentralized finance, supported by rising retail inflows and improved on-chain transparency.