According to TechFlow, QCP Capital published a statement saying that BTC spot ETF has seen capital inflows for 15 consecutive days, reaching US$886.1 million yesterday, the second highest in history.

The trading desk saw strong bullish continuation, with heavy buying of June expiry call options, suggesting the market expects a breakout above the $74,000 all-time high this month.

ETH lags behind this round of gains, but it is expected that after ETH spot ETF trading begins, ETH will catch up with or even surpass BTC.

There could be a massive rotation from BTC ETFs to ETH ETFs, further driving ETH higher.