Bitcoin exchange-traded funds (ETFs) had a positive streak on Monday, attracting over $500 million in new investments for the seventh consecutive day. This trend indicates a renewed interest from investors in gaining exposure to BTC through regulated investment options, despite market volatility.

Bitcoin spot ETFs received substantial net inflows of $591.29 million on Monday, sustaining their winning streak. The leading coin aimed to hold steady above the $94,000 price point.

BlackRock's iShares Bitcoin Trust (IBIT) led in attracting investments, with a total net inflow of $970.93 million and cumulative inflows of $42.17 billion. On the other hand, ARKB, managed by Ark Invest and 21Shares, experienced the largest net outflow of $226.30 million, bringing its historical net inflow to $2.88 billion.

As open interest in BTC futures increased by 2%, indicating more traders are opening new positions rather than closing existing ones, the coin's price saw a slight 0.14% uptick. The balanced funding rate of 0% signifies an equilibrium between long and short positions, reducing the risk of sudden liquidations.

While options traders demonstrate caution or bearish sentiments with the demand for puts, the recent influx of funds into Bitcoin ETFs has not deterred them from anticipating a potential pullback in BTC's price. BTC may continue trading within a tight range until a clear market breakout or breakdown occurs.