The stock market has made an extraordinary comeback from its lows earlier in the year despite lingering questions about the economy and rising geopolitical tensions, but bitcoin’s gains have been more muted. The flagship cryptocurrency hasn’t rallied in a big way since the beginning of the year. Since May 9, it’s traded in a tight $10,000 range – with a brief blip above that ceiling to its all-time high of nearly $112,000, which was still just a step above its previous record. And this is despite billions of dollars in ETF inflows in that period. On Wednesday, bitcoin ETFs logged 12 consecutive sessions of inflows and are on pace for their ninth week of inflows in the last 11. Both milestones underscore the strength of institutional demand even amid market uncertainty. The funds have collectively seen about $3.5 billion in inflows this month, while the price of bitcoin itself has…
