US spot Bitcoin ETFs experienced their largest single-day inflow for June, totaling $588.6 million and extending an 11-day streak of positive net flows, the longest since December 2024. A significant portion of the inflows, approximately $436.3 million, came from one ETF, while Fidelity's FBTC accounted for $217.6 million. The overall inflows during this period exceeded $2.2 billion, indicating growing institutional interest despite geopolitical tensions. This boost in the market follows a ceasefire announcement between Israel and Iran, which allowed Bitcoin to rise to over $106,800 from a six-week low of approximately $98,000. Analysts suggest this trend highlights Bitcoin's appeal as a digital gold amidst a volatile geopolitical backdrop. Market participants remain cautious, with major macroeconomic events, such as Fed Chair Jerome Powell's congressional testimony and the PCE inflation report, on the horizon. Predictions indicate a potential consolidation for Bitcoin in the $100,000 to $106,000 range, indicating significant investor interest and market movement.

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