The cryptocurrency market moved modestly higher Tuesday morning, with total market capitalization rising 1.5% to $2.24 trillion. Bitcoin, Ethereum and Solana all posted small gains, while strength broadened across several Layer-1 networks, led by Avalanche, Cardano and Polkadot. Crypto ETFs generally reflected Monday’s improvement, although performance remained uneven across categories. Bitcoin and XRP ETFs posted solid gains, Ethereum products were nearly unchanged, and Solana ETFs rebounded despite remaining under pressure over longer periods. Leveraged products again magnified the daily moves.
Bitcoin ETFs
Bitcoin traded at approximately $63,494, up 1.3% over 24 hours and essentially unchanged over the past week. Most spot Bitcoin ETFs gained between 1.4% and 1.6% during Monday’s session. The iShares Bitcoin Trust ETF (IBIT) rose 1.46% to $36.16, Fidelity Wise Origin Bitcoin Fund (FBTC) gained 1.61% to $55.59, and Bitwise Bitcoin ETF (BITB) advanced 1.52% to $34.65.
Fund flows remained mixed. IBIT recorded approximately $122.7 million of daily outflows, although it still maintained roughly $447 million of one-month inflows and more than $2.8 billion of one-year inflows. FBTC also experienced daily outflows of approximately $54.8 million. The contrast between positive prices and mixed flows suggests that institutional demand remains active but selective.
Ethereum ETFs
Ethereum traded at approximately $1,854, up 0.5% for the day but down 1.4% over the past week. Spot Ethereum ETFs were largely unchanged, with most products gaining less than 0.3%. The iShares Ethereum Trust ETF (ETHA) rose 0.28% to $14.11, Fidelity Ethereum Fund ETF (FETH) gained 0.16% to $18.61, and Grayscale Ethereum Staking ETF (ETHE) advanced 0.20% to $15.08.
Ethereum ETFs remained stronger over the past month, with many spot products up approximately 9.7% to 10.0%. ETHA continued to lead the category in asset gathering, holding approximately $352 million of one-month inflows and more than $1.7 billion of one-year inflows. However, the group remained down roughly 19% over three months, reflecting continued longer-term volatility.
Solana ETFs
Solana traded at approximately $73.17, gaining 0.9% over 24 hours but remaining slightly lower for the week. Solana ETFs advanced during Monday’s session, with most spot products gaining between 1.0% and 1.6%. The Bitwise Solana Staking ETF (BSOL) rose 1.40% to $10.11, the Grayscale Solana Staking ETF (GSOL) gained 1.27% to $5.58, and the Fidelity Solana Fund (FSOL) advanced 1.27% to $8.74.
Despite the daily rebound, the category remained weak over longer periods. Most spot Solana ETFs were down approximately 8% over the past month and about 25% over six months. BSOL continued to lead the category with roughly $269 million of year-to-date inflows, while FSOL reported approximately $1.3 million of weekly inflows.
XRP ETFs
XRP traded near $1.08 during Monday evening’s update, down modestly for the day but nearly unchanged over the past week. XRP ETFs nevertheless posted some of the strongest daily gains among spot crypto products. The Canary XRP ETF (XRPC) rose 1.96% to $11.47, Franklin XRP ETF (XRPZ) gained 1.65% to $11.72, and Grayscale XRP Trust ETF (GXRP) advanced 1.80% to $20.94.
Weekly performance was also positive, with most spot XRP ETFs gaining approximately 1.8% to 2.1%. Monthly returns remained slightly negative, however, while three- and six-month losses were still substantial. XRPZ continued to lead the group in cumulative demand, holding approximately $187 million of year-to-date inflows.
Leveraged Crypto ETFs
Leveraged Bitcoin products amplified the underlying rally, with the Volatility Shares 2x Bitcoin ETF (BITX) gaining 2.83%, ProShares Ultra Bitcoin ETF (BITU) advancing 2.86%, and T-Rex 2X Long Bitcoin ETF (BTCL) rising 2.77%. These products remained approximately flat for the week and gained roughly 6% over the past month, but were still down more than 40% over six months.
Leveraged Ethereum ETFs were nearly unchanged because Ether’s move was modest. ETHU gained 0.13%, ETHT rose 0.22%, and ETU advanced 0.24%. Over the past month, however, these products remained up approximately 17% to 18%, while three- and six-month losses approached or exceeded 40%.
Leveraged XRP funds outperformed, with XXRP gaining 3.54%, XRPT rising 3.38%, and UXRP advancing 3.92%. Leveraged Solana products also posted solid gains, with SOLT rising 2.98% and SLON advancing 2.15%. Despite the daily improvement, leveraged Solana ETFs remained down roughly 17% over the past month and nearly 60% over six months, illustrating the long-term effects of volatility and daily resetting.
Notable Gainers and Decliners
Avalanche led the broader cryptocurrency market, gaining 5.6% to $6.78, while Cardano rose 5.0% to $0.20 and extended its seven-day advance to 24.2%. Polkadot gained 4.8% to $0.83, Worldcoin rose 4.2% to $0.32, and Hyperliquid advanced 3.4% to $54.57. The strength across Avalanche, Cardano and Polkadot indicated that investors were selectively rotating into higher-beta Layer-1 assets.
On the downside, Uniswap fell 5.6% to $3.84, giving back part of its recent rally but remaining approximately 2.6% higher for the week. Canton declined 3.6% to $0.11. Elsewhere in DeFi, Chainlink slipped 1.0%, while Aave declined 0.4% and remained down 5.3% over seven days.
The crypto ETF market began August with a cautiously constructive tone. Bitcoin ETFs recorded solid price gains despite mixed institutional flows, while Ethereum products remained stable and continued to show relatively strong one-month performance. XRP ETFs outperformed on a daily basis, and Solana ETFs recovered modestly despite weaker longer-term trends.
The strongest momentum was concentrated in selected Layer-1 cryptocurrencies rather than the largest digital assets. Leveraged funds again magnified the daily moves, but their significant three- and six-month losses reinforce the risks of holding daily-reset products for extended periods. For retail investors, the data continue to support a distinction between short-term tactical opportunities and longer-term exposure through spot ETFs.
