Crypto Morning Daily

Crypto ETF performance was mixed on May 7, with Bitcoin and Ethereum-related funds declining alongside the broader market, while Solana and XRP ETFs posted gains. Spot Bitcoin ETFs generally fell modestly, with BlackRock’s iShares Bitcoin Trust (IBIT) down 0.19%, Fidelity’s FBTC lower by 0.23%, and Grayscale’s GBTC declining 0.25%, reflecting Bitcoin’s 1.3% pullback on the day. Levered Bitcoin products saw larger moves, with the 2x Bitcoin Strategy ETF (BITX) falling 0.48% and ProShares Ultra Bitcoin ETF (BITU) down 0.61%, though both remain up more than 13% over the past week. Despite the daily weakness, Bitcoin ETF flows remained constructive overall, led by strong inflows into IBIT and FBTC.

Ethereum ETFs also traded lower as ETH declined 3.4% on the session. The iShares Ethereum Trust (ETHA) fell 1.0%, Fidelity’s FETH dropped 1.0%, and Bitwise Ethereum ETF (ETHW) declined 1.1%. Levered Ether products experienced amplified losses, with the 2x Ether ETF (ETHU) down 2.0% and ProShares Ultra Ether ETF (ETHT) lower by 1.9%. However, weekly performance across Ethereum ETFs remained positive, with most funds up between 3.5% and 7.7% over the last seven days.

In contrast, Solana and XRP ETFs outperformed significantly. Solana-focused funds gained between 3% and 6% on the day, led by the 2x Solana ETF (SOLT), which surged 6.6%, while ProShares Ultra Solana ETF (SLON) rose 6.1%. Traditional Solana ETFs such as BSOL, GSOL, and SOLZ advanced roughly 3%–3.6%, continuing strong weekly momentum of approximately 7%–16%. XRP ETFs also posted broad gains, with Canary XRP ETF (XRPC) rising about 1.0%, Franklin XRP ETF (XRPZ) up 1.2%, and leveraged products outperforming further. The Teucrium 2x Long Daily XRP ETF (XXRP) gained 1.9%, while Volatility Shares XRP 2X ETF (XRPT) climbed 2.2%, reflecting continued investor appetite for high-beta XRP exposure.

Overall ETF trading activity suggests investors continue favoring targeted exposure to higher-growth themes such as Solana and XRP, while maintaining core allocations to Bitcoin despite short-term market volatility.

20260507_Digi_Returns_Flows

Crypto markets pulled back modestly on May 7 after a slightly positive session the previous day, with total market capitalization declining 1.2% to $2.77 trillion. Bitcoin remained relatively resilient, falling 1.3% to $80,918 while still maintaining a 6.3% gain over the past week, whereas Ethereum underperformed major digital assets, declining 3.4% to $2,329. Market leadership continued to come from infrastructure and AI-related tokens, with Toncoin (TON) extending its sharp rally and posting a 97.1% weekly gain after rising another 16.5% on the day. NEAR Protocol and Internet Computer (ICP) also continued to outperform, reinforcing investor interest in decentralized compute and AI-linked blockchain themes.

Among notable gainers, ONDO added 6.2% as real-world asset narratives continued to attract capital flows, while NEAR and ICP sustained strong weekly momentum. On the downside, Dogecoin, Sui, and Ethereum led declines as speculative sentiment softened across meme and high-beta assets. Layer-1 performance was mixed overall, with Solana, Cardano, and Polkadot holding onto strong weekly gains despite the broader market weakness, while Fantom (now Sonic) remained one of the weakest performers on a seven-day basis.

Sector performance showed continued selectivity rather than broad-based risk appetite. In DeFi, Filecoin, Chainlink, and Uniswap maintained positive weekly trends, while infrastructure-related assets such as Bittensor, Arweave, and ICP continued to lead market momentum. The metaverse segment stabilized modestly, supported by gains in ICP and The Sandbox, although participation remained limited relative to AI and infrastructure-focused themes. Overall, the market continues to favor defensive positioning in Bitcoin alongside targeted exposure to AI, decentralized infrastructure, and real-world asset ecosystems, while Ethereum’s relative weakness remains a headwind for broader altcoin expansion.

May 7, 2026:

Trading Update as of 6:00ET: Total Market Cap (1.2%) to $2.77T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • Toncoin (TON) $2.59 / +16.5% / +97.1% / $13.39B
  • MemeCore (M) $3.90 / +7.0% / +13.2% / $39.02B
  • ONDO (Ondo) $0.34 / +6.2% / +29.7% / $3.43B
  • Internet Computer (ICP) $3.01 / +5.1% / +24.9% / $1.66B
  • NEAR Protocol (NEAR) $1.48 / +4.8% / +11.1% / $1.91B
• Notable Decliners
  • Dogecoin (DOGE) $0.11 / (4.0%) / +3.6% / $18.95B
  • Sui (SUI) $0.99 / (3.6%) / +9.0% / $9.91B
  • Pi (PI) $0.18 / (3.5%) / +2.0% / $17.89B
  • Ethereum (ETH) $2,329 / (3.4%) / +2.9% / $281.02B
  • Hyperliquid (HYPE) $42.79 / (2.9%) / +9.2% / $41.15B
• Layer-1
  • Bitcoin (BTC) $80,918 / (1.3%) / +6.3% / $1699.28B
  • Ethereum (ETH) $2,329 / (3.4%) / +2.9% / $281.02B
  • BNB (BNB) $648.39 / +0.3% / +5.1% / $87.39B
  • Solana (SOL) $89.38 / +0.1% / +7.4% / $55.94B
  • Cardano (ADA) $0.27 / (2.4%) / +7.8% / $12.01B
  • Avalanche (AVAX) $9.57 / (1.5%) / +4.1% / $6.85B
  • Hedera (HBAR) $0.09 / (1.7%) / +2.8% / $4.54B
  • Polkadot (DOT) $1.32 / (1.0%) / +8.4% / $2.77B
  • Fantom (Migrated to Sonic) (FTM) $1.32 / (0.7%) / (13.7%) / $2.21B
  • NEAR Protocol (NEAR) $1.48 / +4.8% / +11.1% / $1.91B
• Metaverse
  • Internet Computer (ICP) $3.01 / +5.1% / +24.9% / $1.66B
  • Chiliz (CHZ) $0.04 / +1.8% / +4.6% / $0.45B
  • Axie Infinity (AXS) $1.37 / +0.05% / (1.1%) / $0.37B
  • Klaytn (KLAY) $0.05 / (2.7%) / +1.7% / $0.27B
  • The Sandbox (SAND) $0.08 / (0.02%) / +5.8% / $0.23B
• DeFi
  • Chainlink (LINK) $10.01 / (1.3%) / +9.6% / $10.01B
  • Cronos (CRO) $0.07 / (1.9%) / +2.8% / $7.04B
  • Uniswap (UNI) $3.47 / (1.5%) / +8.0% / $3.11B
  • Filecoin (FIL) $1.10 / (2.2%) / +17.9% / $2.15B
  • Sky (SKY) $0.08 / (0.4%) / +1.4% / $1.87B

May 6, 2026:

Trading Update as of 18:00ET: Total Market Cap +0.4% to $2.79T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • Toncoin (TON) $2.42 / +22.4% / +82.7% / $12.52B
  • NEAR Protocol (NEAR) $1.53 / +16.8% / +15.7% / $1.98B
  • Internet Computer (ICP) $3.08 / +13.8% / +29.4% / $1.7B
  • Bittensor (TAO) $314.38 / +8.5% / +22.3% / $6.6B
  • Zcash (ZEC) $560.60 / +8.4% / +71.4% / $11.77B
• Notable Decliners
  • Hyperliquid (HYPE) $43.26 / (2.3%) / +7.9% / $41.61B
  • Dogecoin (DOGE) $0.11 / (1.8%) / +9.5% / $19.2B
  • Ethereum (ETH) $2,355 / (0.9%) / +4.5% / $284.22B
  • Sky (SKY) $0.08 / (0.6%) / (1.6%) / $1.88B
  • Pi (PI) $0.18 / (0.4%) / (4.8%) / $18.09B
• Layer-1
  • Bitcoin (BTC) $81,572 / +0.1% / +7.4% / $1713.02B
  • Ethereum (ETH) $2,355 / (0.9%) / +4.5% / $284.22B
  • XRP (XRP) $1.43 / +0.9% / +4.3% / $142.78B
  • BNB (BNB) $650.10 / +2.7% / +5.3% / $87.62B
  • Solana (SOL) $89.53 / +3.3% / +7.9% / $56.03B
  • Hyperliquid (HYPE) $43.26 / (2.3%) / +7.9% / $41.61B
  • TRON (TRX) $0.35 / +0.1% / +6.8% / $32.76B
• Metaverse
  • Internet Computer (ICP) $3.08 / +13.8% / +29.4% / $1.7B
  • Gala (GALA) $0.004 / +5.6% / +17.0% / $0.19B
  • GMT (GMT) $0.01 / +4.1% / +3.0% / $0.06B
  • Enjin Coin (ENJ) $0.05 / +3.7% / (9.4%) / $0.1B
  • The Sandbox (SAND) $0.08 / +3.4% / +7.9% / $0.23B
• DeFi
  • Serum (SRM) $0.01 / +31.7% / +16.0% / $0.01B
  • Arweave (AR) $2.55 / +14.9% / +37.9% / $0.17B
  • Filecoin (FIL) $1.09 / +10.7% / +19.9% / $2.14B
  • 0x Protocol (ZRX) $0.12 / +5.5% / +4.7% / $0.12B
  • Lido DAO (LDO) $0.39 / +4.4% / +4.6% / $0.39B