Crypto Morning Daily

Crypto ETF markets were broadly positive over the latest trading session, led by continued strength in Bitcoin-, Solana-, and XRP-related products, while Ethereum ETFs modestly lagged. Bitcoin ETFs posted solid gains of roughly 2.2% on the day, with products such as BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s FBTC, and Bitwise’s BITB all advancing in tandem as Bitcoin traded near the $81,000 level. Investor flows into spot Bitcoin ETFs remained constructive overall, highlighted by approximately $596 million of weekly inflows into IBIT, reinforcing continued institutional demand despite broader market consolidation.

Ethereum ETFs were comparatively weaker, reflecting softer price action in ETH itself. Most spot Ethereum funds, including ETHA, FETH, and ETHV, gained roughly 1% on the day but remained negative over the trailing week. Leveraged Ethereum products such as ETHU and ETU amplified those moves, rising close to 2% daily while posting weekly declines exceeding 3%, underscoring increased volatility and weaker short-term momentum relative to Bitcoin.

Solana ETFs were among the strongest performers across the digital asset ETF landscape. Spot-oriented products including BSOL, GSOL, and VSOL gained approximately 6% on the session and more than 13% over the past week as investor sentiment toward Solana continued to improve. Leveraged Solana ETFs significantly outperformed, with products such as SOLT and SLON advancing more than 12% in a single day and over 28% during the past week, reflecting strong momentum-driven participation in higher-beta crypto exposures.

XRP-related ETFs also demonstrated notable strength, with spot-oriented XRP funds generally rising between 4% and 5% over both the daily and weekly periods. Leveraged XRP products, including XXRP, XRPT, and UXRP, materially outperformed the broader category with gains approaching 9% daily and weekly. The strong performance across XRP ETF products suggests continued speculative interest and elevated trading activity within the asset class.

Overall, crypto ETF performance reflected a continued rotation toward higher-beta and leveraged digital asset exposures, particularly within Solana and XRP products, while Bitcoin maintained steady institutional inflows and Ethereum ETFs trailed amid softer underlying market performance.

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Cryptocurrency markets were modestly lower as of 06:00 ET on May 12, 2026, with total market capitalization declining 0.3% to $2.78 trillion following the stronger rally seen during the prior session. Bitcoin traded relatively flat at $80,905, up 0.1% over the last 24 hours, while Ethereum underperformed major Layer-1 peers, falling 1.8% to $2,292. Solana and BNB posted modest gains of 0.7% and 1.3%, respectively, while Cardano, Avalanche, Hedera, and Polkadot traded lower on the session.

Among notable outperformers, Cronos (CRO) continued its recent momentum, rising 7.4% over the last 24 hours and more than 16% over the past week. Toncoin (TON) was another strong performer, advancing 5.8% on the day and more than 35% over seven days, while NEAR Protocol gained 24.6% on a weekly basis. In contrast, Sei (SEI), Mantle (MNT), Sky (SKY), and Uniswap (UNI) led the decliners, each falling more than 3% over the last 24 hours. Zcash (ZEC), despite a weekly gain exceeding 32%, also pulled back modestly during the session.

Within the metaverse segment, Internet Computer (ICP) remained one of the strongest weekly performers, gaining more than 36% over the past seven days despite a 2.7% daily decline. Chiliz, Axie Infinity, Klaytn, and The Sandbox also traded lower on the day but maintained positive weekly momentum overall. In DeFi, Chainlink, Uniswap, Filecoin, and OKB traded modestly lower, while Cronos again stood out as a sector leader with continued strength across both daily and weekly timeframes.

The May 12 session followed a stronger market close on May 11, when total crypto market capitalization increased 1.1% to $2.81 trillion. During that session, ONDO, CRO, Celestia, Canton, and SEI led gains, while Sui, Zcash, World Liberty Financial, and Bitcoin Cash lagged. DeFi activity was particularly strong on May 11, highlighted by significant rallies in Osmosis, Curve DAO Token, and Convex Finance. Overall, market activity across the two sessions reflected continued rotation into selective Layer-1, DeFi, and infrastructure-related tokens despite broader consolidation in large-cap assets

May 12, 2026:

Trading Update as of 06:00ET: Total Market Cap (0.3%) to $2.78T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • Cronos (CRO) $0.08 / +7.4% / +16.3% / $8.04B
  • Toncoin (TON) $2.44 / +5.8% / +35.6% / $12.62B
  • Canton (CC) $0.16 / +3.9% / +7.3% / $6.15B
  • NEAR Protocol (NEAR) $1.59 / +2.1% / +24.6% / $2.05B
• Notable Decliners
  • SEI (Sei) $0.07 / (3.7%) / +20.4% / $0.72B
  • Mantle (MNT) $0.68 / (3.5%) / +6.1% / $4.23B
  • Sky (SKY) $0.08 / (3.5%) / (6.8%) / $1.77B
  • Uniswap (UNI) $3.81 / (3.2%) / +13.9% / $3.41B
  • Zcash (ZEC) $551.85 / (3.1%) / +32.2% / $11.59B
• Layer-1
  • Bitcoin (BTC) $80,905 / +0.1% / +0.4% / $1699B
  • Ethereum (ETH) $2,292 / (1.8%) / (3.2%) / $276.67B
  • BNB (BNB) $660.33 / +1.3% / +5.4% / $89B
  • Solana (SOL) $95.86 / +0.7% / +13.4% / $60.03B
  • Cardano (ADA) $0.28 / (0.8%) / +7.0% / $12.4B
  • Avalanche (AVAX) $9.92 / (2.1%) / +6.1% / $7.1B
  • Hedera (HBAR) $0.1 / (0.8%) / +6.8% / $4.76B
  • Polkadot (DOT) $1.35 / (1.2%) / +7.2% / $2.83B
• Metaverse
  • Internet Computer (ICP) $3.31 / (2.7%) / +36.1% / $1.83B
  • Chiliz (CHZ) $0.04 / (2.7%) / +4.8% / $0.45B
  • Axie Infinity (AXS) $1.39 / (2.2%) / +3.3% / $0.38B
  • Klaytn (KLAY) $0.05 / (2.7%) / +3.2% / $0.28B
  • The Sandbox (SAND) $0.08 / (1.4%) / +8.1% / $0.24B
• DeFi
  • Chainlink (LINK) $10.34 / (2.3%) / +8.1% / $10.34B
  • Cronos (CRO) $0.08 / +7.4% / +16.2% / $8.04B
  • Uniswap (UNI) $3.81 / (3.2%) / +13.9% / $3.41B
  • Filecoin (FIL) $1.11 / (1.5%) / +16.6% / $2.18B
  • OKB (OKB) $86.34 / (0.9%) / +1.2% / $1.81B

May 11, 2026:

Trading Update as of 18:05ET: Total Market Cap +1.1% to $2.81T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • ONDO (Ondo) $0.26 / +8.1% / +0.3% / $2.64B
  • Cronos (CRO) $0.08 / +7.2% / +14.0% / $7.83B
  • TIA (Celestia) $0.34 / +6.8% / (2.2%) / $0.39B
  • Canton (CC) $0.16 / +6.8% / +12.2% / $6.34B
  • SEI (Sei) $0.08 / +5.0% / (4.4%) / $0.76B
• Notable Decliners
  • Sui (SUI) $1.29 / (4.4%) / +38.2% / $12.95B
  • Sky (SKY) $0.08 / (3.6%) / (5.6%) / $1.77B
  • Zcash (ZEC) $556.63 / (3.5%) / +30.0% / $11.69B
  • World Liberty Financial (WLFI) $0.07 / (2.3%) / +5.3% / $6.7B
  • Bitcoin Cash (BCH) $450.12 / (2.3%) / +1.2% / $9.45B
• Layer-1
  • Bitcoin (BTC) $81,883 / +1.1% / +1.9% / $1719.54B
  • Ethereum (ETH) $2,344 / +0.2% / (0.8%) / $282.92B
  • XRP (XRP) $1.47 / +0.8% / +5.3% / $147.16B
  • BNB (BNB) $663.77 / +1.6% / +6.2% / $89.47B
  • Solana (SOL) $97.59 / +2.4% / +15.6% / $61.11B
  • Hyperliquid (HYPE) $41.87 / (0.9%) / (1.2%) / $40.27B
  • TRON (TRX) $0.35 / +0.01% / +3.0% / $33.27B
• Metaverse
  • GMT (GMT) $0.01 / +10.9% / +27.3% / $0.07B
  • Decentraland (MANA) $0.1 / +1.4% / +13.9% / $0.22B
  • Aavegotchi (GHST) $0.07 / +1.3% / +3.0% / $0B
  • Basic Attention Token (BAT) $0.11 / +0.9% / +8.4% / $0.17B
  • Axie Infinity (AXS) $1.43 / +0.7% / +7.8% / $0.39B
• DeFi
  • Osmosis (OSMO) $0.08 / +60.6% / +162.6% / $0.08B
  • Curve DAO Token (CRV) $0.29 / +11.0% / +20.0% / $0.87B
  • Convex Finance (CVX) $1.98 / +7.5% / +11.8% / $0.2B
  • Cronos (CRO) $0.08 / +7.2% / +14.0% / $7.83B
  • Trust Wallet Token (TWT) $0.51 / +5.5% / +19.0% / $0.51B