The cryptocurrency market rebounded modestly overnight, with total market capitalization rising 1.2% to $2.27 trillion after a volatile trading session on Tuesday. Bitcoin and Ethereum both recovered from Monday’s weakness as investors looked ahead to the Federal Reserve’s policy decision, while concerns around the Clarity Act, mixed ETF flows, and subdued market sentiment continued to limit broader upside. ETF performance largely mirrored the underlying assets, with spot Bitcoin, Ethereum, Solana and XRP ETFs remaining under pressure over the past week despite the one-day recovery.
Bitcoin ETFs
Bitcoin gained 1.9% to approximately $64,581, recovering from Tuesday’s close near $63,377. Despite the bounce, spot Bitcoin ETFs continued to experience mixed investor demand. The iShares Bitcoin Trust (IBIT) declined 1.7% on Tuesday while recording approximately $8.8 million of net outflows, and weekly ETF flows remained negative across many of the largest products, reflecting cautious institutional positioning ahead of the FOMC meeting.
Ethereum ETFs
Ethereum advanced 2.2% to roughly $1,921, helping stabilize Ethereum ETF performance after recent weakness. The iShares Ethereum Trust (ETHA) finished Tuesday down 1.5%, although it attracted approximately $11.7 million of net inflows, suggesting investors continued to buy the dip despite broader market volatility.
Solana ETFs
Solana climbed 1.0% to $74.04, recovering modestly from the prior session. Solana ETF performance remained mixed, with the Bitwise Solana Staking ETF (BSOL) falling 2.2% on Tuesday while still generating more than $1 million in daily inflows. Investors continue to favor staking-focused products despite near-term price weakness.
XRP ETFs
XRP rebounded after Tuesday’s decline, though XRP ETF performance remained soft. The Canary XRP ETF (XRPC) fell 3.1% during Tuesday’s session, with most XRP-focused funds posting losses between 2.8% and 3.1% as the broader digital asset market consolidated.
Leveraged Crypto ETFs
Leveraged cryptocurrency ETFs experienced significantly larger moves than their spot counterparts, reflecting their amplified exposure. 2x Bitcoin ETFs such as BITX and BITU declined roughly 3.3%, while 2x Solana ETFs fell between 4.5% and 5.0%. Leveraged XRP funds posted the steepest losses, with XRPT down 5.8% and UXRP falling 6.0%, highlighting the increased volatility associated with leveraged products.
Notable Gainers
Digital asset gains were led by Audiera (BEAT), which surged 28.4% to $3.73 following strong investor interest, making it the day’s standout performer. Uniswap (UNI) gained 6.0% to $3.96 as decentralized finance (DeFi) tokens continued to outperform, while Ondo (ONDO) rose 4.7% to $0.41 amid continued institutional interest in tokenized real-world assets. Sky (SKY) added 4.6% to $0.06, and Cardano (ADA) advanced 4.2% to $0.16, rounding out the session’s strongest performers.
Notable Decliners
On the downside, NEAR Protocol (NEAR) was the weakest major token, falling 5.1% to $1.59 as Layer-1 blockchain projects continued to face selling pressure. Celestia (TIA) declined 3.9% to $0.32, while Aster (ASTER) slipped 3.2% to $0.60. Gram (formerly Toncoin) lost 2.7% to $1.41, and Pepe (PEPE) fell 2.4% to $0.000003, extending the recent weakness in meme coins.
Overall, digital assets staged a modest recovery after Tuesday’s selloff, led by gains in Bitcoin and Ethereum. However, ETF flows remained mixed and leveraged products continued to amplify market volatility, suggesting investors remain cautious ahead of the Federal Reserve’s policy announcement and further regulatory developments.
