According to Cointelegraph, the U.S. spot Bitcoin ETF recorded its largest single-day inflow in June on Tuesday, reaching $588.6 million, marking 11 consecutive days of net inflows, the longest streak since December 2024. Data from Farside Investors shows that the inflows were primarily driven by BlackRock's iShares Bitcoin Trust (IBIT), which attracted $436.3 million on Tuesday. Fidelity's FBTC followed closely with an additional $217.6 million, while Bitwise and VanEck contributed less. In contrast, Grayscale's GBTC continued to see outflows, decreasing by $85.2 million. Since June 10, the Bitcoin ETF has seen over $2.2 billion in inflows over 11 days, indicating increased institutional interest in this asset class. The market for Bitcoin and the broader cryptocurrency market received a significant boost after the ceasefire between Israel and Iran. After U.S. President Trump announced a 'full ceasefire' on Tuesday, the market breathed a sigh of relief. Bitcoin rose from a recent six-week low of $98,000 to a daily high of $106,800. Vincent Liu, Chief Investment Officer at Kronos Research, stated that the continued inflow into spot Bitcoin ETFs highlights BTC's enhanced status as digital gold. The performance of Ethereum (ETH) ETFs was mixed, with VanEck's EFUT seeing inflows of $98 million on Tuesday, while Grayscale's ETHE experienced outflows of $26.7 million. Ray Youssef, CEO of NoOnes, referred to Bitcoin's recent rebound as a 'relief rally,' noting that the market has 'breathed a sigh of relief' after a tense period. Despite the ceasefire between Israel and Iran, traders remain cautious during this macroeconomic week. Key events such as Federal Reserve Chair Powell's congressional testimony and the PCE inflation report are expected to impact short-term trends. Until clearer signals emerge, Bitcoin may consolidate between $100,000 and $106,000, with resistance at $106,200; if the $100,000 support level fails, it could drop to $93,000.

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