Crypto ETFs posted a broadly weaker session as digital assets pulled back following recent gains, reflecting a more cautious risk environment across the cryptocurrency market. Despite the decline, investor flows remained relatively resilient, with institutions continuing to selectively add exposure to several of the largest spot ETFs.
Spot Bitcoin ETFs fell roughly 2.4% to 2.6%, with iShares Bitcoin Trust (IBIT) declining 2.54%, Fidelity Wise Origin Bitcoin Fund (FBTC) down 2.45%, Grayscale Bitcoin Trust (GBTC) falling 2.47%, and Bitwise Bitcoin ETF (BITB) slipping 2.48%. Despite the weaker session, IBIT attracted approximately $54.8 million of daily inflows, while Grayscale Bitcoin Mini Trust (BTC) added $78.6 million over the past week. Leveraged Bitcoin products amplified the move lower, with BTCL falling 5.23%, BITU down 5.05%, and BITX losing 4.85%.
Ethereum ETFs also traded lower, with spot funds generally declining 2.7% to 3.0%. ETHA fell 2.96%, ETHE declined 2.84%, FETH lost 2.75%, and ETHW dropped 2.81%. Leveraged Ether funds posted steeper losses, with ETHU down 5.68% and ETHT falling 5.77%. Even with the pullback, ETHA attracted approximately $26.9 million of daily inflows and more than $116.6 million over the past week.
XRP ETFs broadly declined between 2.5% and 2.8%, while leveraged products such as XXRP (-5.95%), XRPT (-5.64%), and UXRP (-5.55%) posted larger losses. Solana ETFs were among the weakest performers, with spot funds falling roughly 4.8%, while leveraged products SOLT (-9.83%) and SLON (-9.61%) nearly doubled those declines. Despite the weakness, investor demand remained encouraging, with BSOL attracting approximately $14.6 million of weekly inflows and Fidelity’s FSOL adding roughly $9.1 million.
Overall, crypto ETF performance reflected a broad risk-off session across digital assets. Although prices moved lower across Bitcoin, Ethereum, XRP, and Solana products, continued inflows into several flagship ETFs suggest institutional investors remain willing to add exposure during periods of market weakness rather than exiting the asset class altogether.
The cryptocurrency market stabilized Thursday morning after Wednesday’s broad selloff, although total market capitalization remained down 2.6% over the past 24 hours to $2.13 trillion. Trading was mixed across the digital asset landscape as investors selectively rotated into higher-growth sectors while the largest cryptocurrencies recovered modestly.
Among the day’s strongest performers, Celestia (TIA) surged 13.0%, extending its weekly gain to 29.4%. Sky (SKY) climbed 8.2%, while Sei (SEI), Ondo (ONDO), and Avalanche (AVAX) each posted gains of more than 4%. On the downside, MemeCore (M) fell 13.1%, giving back a portion of its recent outsized rally.
Performance across the major Layer-1 networks was relatively steady. Bitcoin gained 1.0%, Ethereum added 0.4%, XRP rose 0.8%, and Solana edged 0.5% higher after Wednesday’s sharp decline, while Avalanche outperformed the group with a 4.2% advance.
The DeFi sector showed improving momentum, led by Uniswap (+2.6%), Filecoin (+2.7%), OKB (+2.6%), and Chainlink (+1.6%), while Cronos was little changed. Metaverse tokens also outperformed the broader market, with ApeCoin (+8.0%), Decentraland (+7.0%), Axie Infinity (+2.8%), and Chiliz (+2.7%) posting solid gains.
Overall, the digital asset market appears to be finding its footing after a volatile stretch. While sentiment remains cautious, improving performance across DeFi, Metaverse, and select Layer-1 projects suggests investors continue to selectively add risk as they await the next macroeconomic and regulatory catalysts.
