According to Cointelegraph, the U.S. spot Bitcoin ETF recorded its largest single-day inflow in June on Tuesday, reaching $588.6 million, marking the longest streak of net inflows since December 2024 with 11 consecutive days. According to data from Farside Investors, the inflow was mainly driven by BlackRock's iShares Bitcoin Trust (IBIT), which attracted $436.3 million on Tuesday. Fidelity's FBTC closely followed with an addition of $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 inflows of over $2.2 billion in 11 days, indicating increased institutional interest in this asset class. The ceasefire between Israel and Iran significantly boosted Bitcoin and the broader crypto market. U.S. President Trump announced a 'full ceasefire' on Tuesday, bringing relief to the market. Bitcoin surged from a recent six-week low of $98,000 to a daily high of $106,800. Vincent Liu, Chief Investment Officer of Kronos Research, stated that the continued inflow into the spot Bitcoin ETF highlights the enhanced status of BTC as digital gold. Ethereum (ETH) ETF performances were 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 Bitcoin's recent rebound as a 'relief rally,' indicating that the market 'breathed a sigh of relief' after a tense period. Despite the ceasefire between Israel and Iran, traders remained cautious during the macroeconomic week. Key events such as Fed Chair Powell's congressional testimony and the PCE inflation report are expected to influence 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 fails, it could drop to $93,000.

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