Inflation Vaults Above 4% as Trump Says “I Love It” – BTC Hits $63K Despite $214M ETF Outflows

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US consumer inflation surged above 4% in the latest reading, driven by rising energy prices amid the escalating Iran conflict. President Trump responded defiantly, stating “I love the inflation,” signaling confidence in the economy despite the uptick.Bitcoin (BTC) climbed to around $63,000, showing resilience. However, investor sentiment in crypto products remained mixed.
 
According to SoSoValue data for June 10 (ET):

Bitcoin Spot ETFs recorded a total net outflow of $214 million. Grayscale Bitcoin Mini Trust (BTC) bucked the trend with the largest inflow of $17.52 million.

Ethereum Spot ETFs saw a net outflow of $35.59 million, though BlackRock’s Staked ETH ETF (ETHB) posted a modest inflow of $1.68 million.

The contrast between rising BTC prices and continued ETF outflows highlights cautious institutional positioning amid macroeconomic uncertainty.
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