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. According to data from Farside Investors, the inflow was 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 smaller amounts. In contrast, Grayscale's GBTC continued to see outflows, decreasing by $85.2 million. Since June 10, Bitcoin ETFs have seen over $2.2 billion in inflows over 11 days, indicating growing institutional interest in this asset class. The cryptocurrency market, including Bitcoin, received a significant boost following the ceasefire between Israel and Iran. U.S. President Trump announced a 'full ceasefire' on Tuesday, providing relief to the markets. Bitcoin surged 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. Ethereum (ETH) ETF performance was mixed, with VanEck's EFUT seeing an inflow of $98 million on Tuesday, while Grayscale's ETHE experienced an outflow of $26.7 million. NoOnes CEO Ray Youssef referred to the recent Bitcoin rebound as a 'relief rally,' as the market exhaled after a tense period. Despite the ceasefire between Israel and Iran, traders remained cautious during this macroeconomic week. Key events such as Federal Reserve Chairman Powell's congressional testimony and the PCE inflation report are expected to impact short-term trends. Before clearer signals emerge, Bitcoin may consolidate between $100,000 and $106,000, with resistance at $106,200; if the $100,000 support level is breached, it could fall to $93,000.

#BTC #ETF #ETH