Spot Ethereum exchange-traded funds recorded $240 million in net inflows on June 11, surpassing Bitcoin ETFs' $165 million and extending Ethereum's (CRYPTO: ETH) inflow streak to 18 consecutive days, according to Farside Investors
Crude oil prices and the ETFs that track the commodity are surging higher amid escalating tensions in the Middle East, sending prices to a two-month high.
After announcing sizable tariff rates for trading partners in early April, the Trump administration put on hold the implementation of much of the levies, except for a baseline 10% rate.
Analyst Michael Pachter wondered why investors would pay more than twice the company's cash value for the possibility of GameStop converting more of its cash into Bitcoin, especially when they could invest in Bitcoin or a Bitcoin ETF themselves.
When asked about the bill resulting in a potential deficit increase of $2.4 trillion over the next decade, Bessent refrained from providing details but said the Trump administration’s proposal would result in “smart spending.”
As part of the London deal, China will supply the U.S. with rare earth resources and magnets, while Chinese students will be allowed to access colleges and universities in the United States.
The U.S. President also stated that he will work closely with Chinese President Xi Jinping to revamp the U.S.-China trade, which he believes will be great for both nations.
