The crypto ETF market rallied broadly on July 21 as total cryptocurrency market capitalization rose 3.0% to $2.32 trillion. Bitcoin, Ethereum, XRP, and Solana ETFs all advanced, with Ethereum and Solana showing the strongest momentum and leveraged products significantly amplifying gains. Fund flows remained concentrated in the largest Bitcoin and Ethereum ETFs, while XRP and Solana products continued to attract selective demand.
Bitcoin ETFs gained roughly 1.4% to 1.6% as Bitcoin rose 3.2% to $66,238. Fidelity Wise Origin Bitcoin Fund (FBTC) advanced 1.56%, VanEck Bitcoin ETF (HODL) gained 1.60%, and iShares Bitcoin Trust ETF (IBIT) rose 1.49%. Leveraged products outperformed, with ProShares Ultra Bitcoin ETF (BITU) gaining 2.94%, T-Rex 2X Long Bitcoin ETF (BTCL) rising 2.83%, and Volatility Shares 2x Bitcoin ETF (BITX) advancing 2.78%. IBIT attracted approximately $136 million of daily inflows and more than $204 million over the past week, while maintaining roughly $4.0 billion of one-year net inflows.
Ethereum ETFs posted stronger gains as Ether rose 4.1% to $1,940. Most spot products advanced about 3%, including iShares Ethereum Trust ETF (ETHA) (+3.02%), Fidelity Ethereum Fund ETF (FETH) (+3.00%), and Grayscale Ethereum Staking ETF (ETHE) (+2.96%). Leveraged Ethereum funds were among the day’s top performers, with T-Rex 2X Long Ether ETF (ETU) gaining 6.17%, ProShares Ultra Ether ETF (ETHT) rising 5.91%, and 2x Ether ETF (ETHU) advancing 5.59%. ETHA drew nearly $32 million of daily inflows and more than $135 million over the past week, while holding approximately $3.7 billion of one-year net inflows.
XRP ETFs advanced as XRP gained 2.1% to $1.12. Most spot funds rose between 2.2% and 2.5%, led by Canary XRP ETF (XRPC) (+2.51%), Grayscale XRP Trust ETF (GXRP) (+2.41%), and Franklin XRP ETF (XRPZ) (+2.36%). Leveraged XRP products posted larger gains, with Teucrium 2x Long Daily XRP ETF (XXRP) surging 7.47%, ProShares Ultra XRP ETF (UXRP) gaining 4.98%, and Volatility Shares XRP 2X ETF (XRPT) rising 4.45%. XRPZ continues to lead spot-product demand with roughly $177 million of year-to-date inflows.
Solana ETFs were also strong as Solana rose 2.4% to $78.42. Most spot products gained between 3.0% and 3.4%, led by Bitwise Solana Staking ETF (BSOL) (+3.42%), REX-Osprey SOL + Staking ETF (SSK) (+3.30%), and Invesco Galaxy Solana ETF (QSOL) (+3.30%). Leveraged products again amplified the move, with ProShares Ultra Solana ETF (SLON) gaining 6.77% and 2x Solana ETF (SOLT) rising 6.57%. BSOL remains the category’s flow leader with approximately $277 million of year-to-date inflows.
Overall, the crypto ETF market reflected a renewed risk-on tone. Ethereum and Solana showed the strongest recent momentum, Bitcoin continued to attract the deepest institutional demand, and XRP products expanded their investor base. Leveraged ETFs once again delivered roughly twice the daily move of their underlying assets, underscoring both their tactical appeal and elevated risk.
The cryptocurrency market rallied broadly on July 21, with total market capitalization rising 3.0% to $2.32 trillion. Bitcoin gained 3.2% to $66,238, Ethereum rose 4.1% to $1,940, and Solana advanced 2.4% to $78.42 as strength broadened across Layer-1 networks, DeFi protocols, and metaverse-related assets.
Ondo led the market with a 16.5% gain and extended its seven-day advance to 30.4%. Cardano rose 7.6%, while Polkadot and Uniswap each gained 7.3%. Worldcoin advanced 6.8%. DeXe was the clear downside outlier, falling 41.9% and extending its seven-day decline to 52.6%, while MemeCore lost 7.0%.
Layer-1 performance was broadly positive, with Ethereum, Cardano, Polkadot, NEAR Protocol, Hedera, BNB, Solana, and Avalanche all advancing. DeFi also outperformed, led by Uniswap, Aave (+4.8%), Chainlink (+3.9%), and OKB (+2.5%). Metaverse assets moved higher as well, including Klaytn (+3.7%), Internet Computer (+3.5%), and Chiliz (+2.3%).
Overall, the session reflected improving risk appetite and broader participation across the cryptocurrency market. Bitcoin moved above $66,000, Ethereum approached $2,000, and strength extended well beyond the largest assets. Token-specific volatility remains elevated, however, as illustrated by DeXe’s sharp decline.
