Bitcoin and Ethereum Surge as $4.3 Billion Pours into Crypto ETFs in June

The cryptocurrency market is experiencing a resurgence of interest, with digital asset investment products attracting a record $4.3 billion in inflows over the past five weeks, including $2 billion during the first week of June. Bitcoin (BTC) emerged as the clear favorite, raking in $1.97 billion in inflows, fueled by the approval of spot-based Bitcoin ETFs. Ethereum (ETH) also saw a strong week, with its best inflow performance since March at $69 million, mirroring positive sentiment surrounding Bitcoin. This surge in inflows is largely attributed to a weaker-than-expected U.S. economic data and anticipation of potential interest rate cuts, which historically favor riskier assets like cryptocurrencies.