Crypto Morning Daily

The crypto ETF market experienced broad positive price performance alongside notable net outflows yesterday, highlighting a divergence between price action and investor flows. Previously, even when the price movement was down flows were positive. On average, crypto ETFs posted gains of roughly +3.6% on the day, driven by strength in underlying digital assets, particularly Bitcoin, which lifted major spot Bitcoin ETFs such as IBIT, FBTC, and GBTC by over 3%. Despite this strong performance, the category saw approximately $243 million in net outflows, with the largest redemptions concentrated in flagship products including Fidelity’s FBTC, Grayscale’s GBTC, and BlackRock’s IBIT. This suggests that investors were using the price strength as an opportunity to take profits or reduce exposure rather than allocate fresh capital.

Overall, the session reflects a constructive price environment but cautious positioning from institutional flows, with persistent redemptions indicating that conviction remains measured despite the recent upward momentum in crypto markets.

20260409_Digi_Returns_Flows

Bitcoin futures are down -0.21% this morning. The cryptocurrency market is showing a modest pullback this morning, with total market capitalization declining 0.6% to $2.51 trillion following a strong +1.9% move the prior evening. This appears to be a consolidation phase rather than a broader risk-off shift. Price action is increasingly selective, with strength concentrated in mid-cap altcoins such as SEI (+9.7%) and Celestia (+7.0%), both of which are extending multi-day momentum, alongside continued interest in infrastructure-related names like ONDO. In contrast, weakness is evident in higher-beta and previously crowded trades, including Bittensor (TAO -7.4%), Aave (-5.5%), and meme assets like PEPE (-5.8%), suggesting profit-taking and rotation out of extended segments of the market.

At the large-cap level, major Layer-1 assets are broadly lower on the day despite maintaining strong performance over the past week, with Bitcoin down 0.5%, Ethereum falling 2.7%, and Solana declining 2.8%. This divergence—altcoin strength alongside weakness in majors—points to ongoing capital rotation rather than systemic de-risking. Sector-wise, DeFi is under pressure across the board, while select metaverse tokens like Internet Computer continue to show relative strength on a weekly basis. Compared to April 8, market breadth has narrowed significantly, with gains no longer broad-based and prior leaders reversing course. Overall, the market remains in a rotation-driven environment characterized by consolidation at the index level, selective risk-taking in niche narratives, and early signs of fatigue in more crowded trades.

April 9, 2026:

Trading Update as of 06:00ET: Total Market Cap (0.6%) to $2.51T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • SEI (Sei) $0.06 / +9.7% / +4.0% / $0.58B
  • TIA (Celestia) $0.31 / +7.0% / +3.2% / $0.36B
  • ONDO (Ondo) $0.27 / +5.9% / (1.3%) / $2.7B
  • Canton (CC) $0.15 / +2.2% / +3.5% / $5.62B
• Notable Decliners
  • Bittensor (TAO) $322.45 / (7.4%) / +6.5% / $6.77B
  • World Liberty Financial (WLFI) $0.09 / (6.8%) / (6.9%) / $9.13B
  • Pepe (PEPE) $0.000003 / (5.8%) / +4.0% / $1.43B
  • Polkadot (DOT) $1.25 / (5.7%) / +2.6% / $2.63B
  • Aave (AAVE) $90.19 / (5.5%) / (3.8%) / $1.44B
• Layer-1
  • Bitcoin (BTC) $71,270 / (0.5%) / +7.4% / $1496.68B
  • Ethereum (ETH) $2,186 / (2.7%) / +7.0% / $263.79B
  • BNB (BNB) $601.33 / (1.7%) / +2.6% / $82B
  • Solana (SOL) $82.23 / (2.8%) / +3.8% / $51.31B
  • Cardano (ADA) $0.25 / (3.2%) / +5.2% / $11.28B
  • Avalanche (AVAX) $9.09 / (3.0%) / +5.0% / $6.51B
  • Hedera (HBAR) $0.09 / (2.3%) / +2.3% / $4.43B
  • Polkadot (DOT) $1.25 / (5.7%) / +2.6% / $2.63B
• Metaverse
  • Internet Computer (ICP) $2.51 / (2.5%) / +13.5% / $1.38B
  • Chiliz (CHZ) $0.04 / +0.7% / (2.6%) / $0.4B
  • Axie Infinity (AXS) $1.12 / (2.0%) / +3.9% / $0.3B
  • Klaytn (KLAY) $0.05 / (3.3%) / (6.1%) / $0.27B
  • The Sandbox (SAND) $0.08 / (3.2%) / +4.6% / $0.23B
• DeFi
  • Chainlink (LINK) $8.77 / (4.8%) / +3.1% / $8.77B
  • Cronos (CRO) $0.07 / (2.3%) / +1.1% / $6.98B
  • Uniswap (UNI) $3.08 / (5.1%) / (7.4%) / $2.77B
  • Sky (SKY) $0.08 / (5.0%) / +3.7% / $1.78B
  • OKB (OKB) $83.23 / (2.0%) / (0.2%) / $1.75B

April 8, 2026:

Trading Update as of 18:00ET: Total Market Cap +1.9% to $2.52T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • SEI (Sei) $0.06 / +5.7% / +4.2% / $0.56B
  • TIA (Celestia) $0.3 / +5.6% / +0.8% / $0.35B
  • Hyperliquid (HYPE) $39.58 / +5.3% / +9.5% / $38.06B
  • Internet Computer (ICP) $2.48 / +4.3% / +8.3% / $1.37B
• Notable Decliners
  • Canton (CC) $0.14 / (1.9%) / (2.0%) / $5.37B
  • Monero (XMR) $332.38 / (1.1%) / (1.0%) / $6.13B
  • Pepe (PEPE) $0.000004 / (0.8%) / +4.4% / $1.48B
  • BNB (BNB) $606.93 / (0.8%) / (1.2%) / $82.76B
  • Aster (ASTER) $0.67 / (0.7%) / (0.2%) / $5.35B
• Layer-1
  • Bitcoin (BTC) $71,604 / +2.3% / +4.9% / $1503.69B
  • Ethereum (ETH) $2,216 / +3.2% / +3.0% / $267.48B
  • XRP (XRP) $1.35 / +1.1% / +0.03% / $135.34B
  • BNB (BNB) $606.93 / (0.8%) / (1.2%) / $82.76B
  • Solana (SOL) $83.39 / +0.6% / +2.2% / $52.04B
  • Hyperliquid (HYPE) $39.58 / +5.3% / +9.5% / $38.07B
  • TRON (TRX) $0.32 / +1.0% / +0.6% / $30.12B
• Metaverse
  • Enjin Coin (ENJ) $0.03 / +41.7% / +32.6% / $0.05B
  • Gala (GALA) $0.003 / +5.1% / +4.7% / $0.16B
  • Internet Computer (ICP) $2.48 / +4.3% / +8.3% / $1.37B
  • Illuvium (ILV) $3.83 / +4.3% / (4.8%) / $0.04B
  • Decentraland (MANA) $0.09 / +2.4% / +0.7% / $0.19B
• DeFi
  • Compound (COMP) $18.26 / +8.5% / +8.8% / $0.18B
  • EigenCloud (EIGEN) $0.16 / +3.5% / (0.2%) / $0.3B
  • Trust Wallet Token (TWT) $0.4 / +3.4% / +2.4% / $0.4B
  • Aave (AAVE) $93.50 / +2.6% / (5.6%) / $1.5B