According to TechFlow, QCP Capital said that BTC ETF net inflows were strong again, reaching $488.1 million. Last night, the trading desk observed a large number of call option purchases, with a target of $100,000 in July.

Tonight’s lower-than-expected jobless claims report and next week’s CPI release could trigger BTC to set new highs. The market is expecting interest rates to fall, which could also add momentum to the rally.

Meanwhile, ETH continues to lag behind as SEC Chairman Gary Gensler noted that ETH ETF S-1 approval “will take some time.”

QCP Capital suggested that ETH is expected to continue to lag behind in the short term due to the delay in S-1 approval, but will eventually outperform BTC once the ETF begins trading.