Crypto ETFs rebounded Thursday as digital assets recovered from the previous session’s weakness, led by strength across Bitcoin and Solana. Spot ETF performance was positive across all major crypto asset classes, while leveraged products once again amplified the upside. Investor flows remained mixed, though several flagship products continued to attract institutional capital despite recent market volatility.
Spot Bitcoin ETFs gained roughly 1.5% to 1.7%, tracking Bitcoin’s advance. iShares Bitcoin Trust (IBIT) rose 1.65%, Fidelity Wise Origin Bitcoin Fund (FBTC) gained 1.46%, Grayscale Bitcoin Trust (GBTC) added 1.58%, and Bitwise Bitcoin ETF (BITB) climbed 1.60%. Fund flows remained mixed, with Grayscale Bitcoin Mini Trust (BTC) attracting approximately $52.8 million of daily inflows and ARKB adding $116.4 million over the past week. IBIT, however, experienced roughly $59.1 million in daily outflows. Leveraged Bitcoin ETFs outperformed as expected, with BTCL rising 3.77%, BITU gaining 2.99%, and BITX advancing 2.94%.
Ethereum ETFs also finished higher as Ether extended its recovery. Spot Ethereum funds generally gained 0.4% to 0.6%, led by ETHA (+0.61%), ETHW (+0.56%), ETHV (+0.51%), ETHE (+0.50%), and FETH (+0.40%). Leveraged Ethereum exposure once again outperformed, with the 2x Ether ETF (ETHU) advancing 0.80% and ProShares Ultra Ether ETF (ETHT) gaining 0.89%. Flow activity remained constructive, with ETHA attracting nearly $80.0 million over the past week, underscoring continued institutional demand for spot Ethereum exposure.
XRP ETFs posted modest gains alongside the broader market. Spot XRP products generally advanced 0.6% to 0.7%, with GXRP (+0.74%), XRPC (+0.69%), XRPZ (+0.68%), and TOXR (+0.56%) all finishing higher. Leveraged XRP funds amplified those gains, led by XXRP (+1.99%), UXRP (+1.40%), and XRPT (+1.24%). While daily flows were relatively quiet, Franklin’s XRPZ continues to lead the group with approximately $17.2 million of monthly inflows.
Solana ETFs also rebounded after Wednesday’s decline, although weekly performance remains negative. Spot Solana products gained approximately 0.9% to 1.2%, led by SOLZ (+1.16%), BSOL (+1.14%), GSOL (+1.03%), SSK (+0.96%), and VSOL (+0.93%). Leveraged Solana exposure generated stronger returns, with SOLT rising 2.01% and SLON gaining 1.94%. Investor flows remained mixed, though FSOL continues to stand out with more than $9.1 million of weekly inflows.
Overall, crypto ETF performance reflected an improving risk appetite across digital assets. Bitcoin led the large-cap ETF categories, while Ethereum, XRP, and Solana funds also posted positive returns. Leveraged ETFs outperformed their spot counterparts across each major asset class, highlighting renewed investor confidence as cryptocurrency markets continued to recover.
The cryptocurrency market extended its rebound Friday morning, with total market capitalization climbing to $2.27 trillion despite a modest 0.3% pullback over the past 24 hours. Investor sentiment improved as buying returned across Layer-1 networks, DeFi protocols, and select growth-oriented digital assets, signaling renewed risk appetite after a volatile week.
Among the day’s strongest performers, DeXe (DEXE) surged 16.5%, extending its seven-day gain to 46.7%, while Morpho (MORPHO) jumped 12.9% and Aave (AAVE) gained 9.5%. MemeCore (M) rebounded 8.1% after recent weakness, while Zcash (ZEC) added 8.0%. Decliners were limited, with Monero (XMR), World Liberty Financial (WLFI), and TRON (TRX) posting only modest losses.
Performance across the major Layer-1 blockchains was broadly positive. Bitcoin (BTC) climbed 1.7% to $81,965, Ethereum (ETH) gained 1.8% to $2,411, while Solana (SOL) outperformed with a 5.7% rally. Cardano (+6.2%), Polkadot (+6.0%), NEAR Protocol (+10.6%), Avalanche (+4.1%), and Hedera (+3.8%) also posted strong gains, highlighting broad participation across the Layer-1 ecosystem.
The DeFi sector continued to outperform, led by Chainlink (+5.7%), Uniswap (+5.5%), Filecoin (+17.9%), and Cronos (+3.8%), while Sky (SKY) was one of the few decliners. The Metaverse segment also strengthened, with Internet Computer (ICP) surging 17.8%, The Sandbox (SAND) gaining 4.3%, Klaytn (+3.6%), and Axie Infinity (+1.9%) posting additional gains.
Overall, the digital asset market appears to be ending the week on a stronger footing. Strength across Layer-1 networks, DeFi protocols, and Metaverse tokens suggests investors are once again rotating into higher-growth segments of the crypto ecosystem. With Bitcoin and Ethereum continuing to provide leadership and broader participation expanding across altcoins, market sentiment has improved as investors look ahead to the next round of macroeconomic and regulatory catalysts.
