Crypto Morning Daily

Crypto ETFs traded lower on June 2 as weakness across the broader digital asset market weighed on fund performance. Spot Bitcoin ETFs declined roughly 2.7% on average, with the largest products—including BlackRock’s IBIT (-2.7%), Fidelity’s FBTC (-2.7%), Grayscale’s GBTC (-2.7%), and ARKB (-2.6%)—all posting similar losses. Investor sentiment remained cautious as IBIT experienced approximately $68 million of daily outflows, while FBTC saw roughly $32 million of outflows. Ethereum ETFs were comparatively resilient, falling less than 1% on average, with ETHA (-0.6%), FETH (-0.6%), and ETHW (-0.7%) posting modest declines. Notably, Fidelity’s FETH attracted approximately $10.5 million of inflows, partially offsetting broader weakness across the sector.

XRP and Solana ETFs also moved lower alongside their underlying assets. XRP-focused funds generally declined between 1.5% and 1.7%, while leveraged XRP products posted larger losses, including XXRP (-3.7%) and UXRP (-3.4%). Solana ETFs outperformed Bitcoin-related products, with spot and staking funds such as BSOL (-1.2%), GSOL (-0.8%), and SOLZ (-1.0%) experiencing relatively modest declines. Leveraged Solana exposure through SOLT fell approximately 2.0%, reflecting the amplified impact of the underlying asset’s weakness.

Leveraged cryptocurrency ETFs were among the weakest performers of the day. Bitcoin leverage products including BITX (-5.4%), BITU (-5.3%), and BTCL (-5.3%) significantly underperformed spot Bitcoin ETFs as the decline in Bitcoin prices was magnified. Ethereum leverage funds such as ETHU (-1.3%) and ETU (-1.3%) also posted larger losses than their spot counterparts. Overall, the ETF market reflected a broad risk-off environment, with spot crypto ETFs declining modestly while leveraged products experienced disproportionately larger drawdowns amid continued pressure on Bitcoin and other major digital assets.

20260602_Digi_Returns_Flows

Cryptocurrency markets moved lower overnight, with total market capitalization falling from $2.51 trillion on June 1 to $2.47 trillion on June 2 as risk sentiment remained weak across major digital assets. Bitcoin led the decline, falling 2.2% to $69,332 and extending its seven-day loss to 9.5%, while Ethereum, BNB, Solana, Cardano, and Polkadot also traded lower. Despite the broader market weakness, several infrastructure, AI, and identity-focused tokens continued to outperform. NEAR Protocol was among the strongest large-cap gainers for a second consecutive day, rising 14.5% over the past 24 hours, while Internet Computer (ICP) gained nearly 7% and maintained positive weekly momentum. Humanity (H) remained the standout performer, with its seven-day gain exceeding 200%, highlighting continued investor interest in identity-related projects. On the downside, Stellar (XLM) was the session’s biggest decliner, falling 10%, though it remains up more than 50% over the past week, suggesting profit-taking after a strong rally. Sector performance was mixed, with Layer-1 and DeFi assets generally under pressure, while select infrastructure and AI-linked projects continued to attract capital. Overall, the market remains in a corrective phase, but investor interest in emerging AI, identity, and blockchain infrastructure themes continues to provide pockets of relative strength amid broader weakness.

June 2, 2026:

Trading Update as of 06:00ET: Total Market Cap (3.3%) to $2.47T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • NEAR Protocol (NEAR) $2.63 / +14.5% / (3.2%) / $3.41B
  • MemeCore (M) $3.31 / +13.3% / +12.7% / $33.1B
  • Internet Computer (ICP) $2.94 / +6.9% / +9.3% / $1.62B
  • Humanity (H) $0.77 / +4.9% / +208.3% / $7.74B
  • Toncoin (TON) $2.01 / +4.4% / +6.4% / $10.41B
• Notable Decliners
  • Stellar (XLM) $0.23 / (10.0%) / +54.6% / $11.44B
  • DeXe (DEXE) $17.73 / (6.1%) / +2.9% / $1.71B
  • Bitcoin (BTC) $69,332 / (4.9%) / (9.5%) / $1455.98B
  • Monero (XMR) $343.13 / (4.9%) / (9.6%) / $6.33B
  • BNB (BNB) $677.01 / (4.8%) / +3.2% / $91.25B
• Layer-1
  • Bitcoin (BTC) $69,332 / (4.9%) / (9.5%) / $1455.98B
  • Ethereum (ETH) $1,968 / (0.9%) / (6.0%) / $237.56B
  • BNB (BNB) $677.01 / (4.8%) / +3.2% / $91.25B
  • Solana (SOL) $79.03 / (2.5%) / (6.4%) / $49.59B
  • Cardano (ADA) $0.22 / (3.6%) / (7.8%) / $10.04B
  • Avalanche (AVAX) $8.69 / (1.8%) / (6.3%) / $6.22B
  • Hedera (HBAR) $0.09 / (4.5%) / +3.2% / $4.53B
  • NEAR Protocol (NEAR) $2.63 / +14.5% / (3.2%) / $3.41B
  • Polkadot (DOT) $1.13 / (3.2%) / (10.2%) / $2.37B
• Metaverse
  • Internet Computer (ICP) $2.94 / +7.0% / +9.4% / $1.62B
  • Chiliz (CHZ) $0.04 / +6.7% / +0.04% / $0.37B
  • Axie Infinity (AXS) $1.15 / (2.3%) / +0.9% / $0.31B
  • Klaytn (KLAY) $0.05 / +1.3% / (3.6%) / $0.28B
  • The Sandbox (SAND) $0.07 / (5.0%) / (8.7%) / $0.2B
• DeFi
  • Chainlink (LINK) $8.80 / (2.4%) / (7.1%) / $8.8B
  • Cronos (CRO) $0.06 / (2.1%) / (5.6%) / $6.45B
  • Uniswap (UNI) $2.90 / (2.2%) / (12.0%) / $2.6B
  • OKB (OKB) $87.38 / (4.6%) / (7.6%) / $1.84B
  • Filecoin (FIL) $0.93 / +1.0% / (6.6%) / $1.82B

June 1, 2026:

Trading Update as of 18:00ET: Total Market Cap (2.6%) to $2.51T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • Humanity (H) $0.71 / +76.5% / +193.2% / $7.12B
  • Worldcoin (WLD) $0.43 / +23.6% / +29.4% / $4.34B
  • NEAR Protocol (NEAR) $2.62 / +13.1% / (5.8%) / $3.4B
  • Toncoin (TON) $2.12 / +11.8% / +7.5% / $10.99B
  • Internet Computer (ICP) $3.00 / +10.0% / +9.9% / $1.66B
• Notable Decliners
  • Aster (ASTER) $0.69 / (5.3%) / (0.4%) / $5.49B
  • Mantle (MNT) $0.63 / (4.9%) / (3.0%) / $3.93B
  • Monero (XMR) $346.66 / (4.6%) / (10.3%) / $6.39B
  • Bitcoin Cash (BCH) $289.76 / (4.1%) / (17.5%) / $6.08B
  • Bitcoin (BTC) $70,865 / (4.0%) / (8.3%) / $1488.17B
• Layer-1
  • Bitcoin (BTC) $70,865 / (4.0%) / (8.3%) / $1488.17B
  • Ethereum (ETH) $1,988 / (1.1%) / (5.7%) / $239.94B
  • XRP (XRP) $1.29 / (3.3%) / (4.7%) / $128.97B
  • BNB (BNB) $688.97 / (3.0%) / +4.2% / $92.86B
  • Hyperliquid (HYPE) $72.98 / +2.4% / +18.7% / $70.18B
  • Solana (SOL) $80.51 / (2.1%) / (5.6%) / $50.52B
  • TRON (TRX) $0.34 / (1.9%) / (7.6%) / $32.57B
• Metaverse
  • Internet Computer (ICP) $3.00 / +10.0% / +9.9% / $1.66B
  • Chiliz (CHZ) $0.04 / +6.5% / (2.3%) / $0.37B
  • Yield Guild Games (YGG) $0.04 / +5.7% / (4.9%) / $0.04B
  • ApeCoin (APE) $0.15 / +5.3% / +6.2% / $0.15B
  • GMT (GMT) $0.01 / +1.6% / (8.0%) / $0.05B
• DeFi
  • Wormhole (W) $0.01 / +11.1% / +5.7% / $0.13B
  • SushiSwap (SUSHI) $0.21 / +4.8% / (0.4%) / $0.06B
  • EigenCloud (EIGEN) $0.22 / +4.1% / (15.7%) / $0.39B
  • GMX (GMX) $6.91 / +2.5% / +7.5% / $0.09B
  • Filecoin (FIL) $0.95 / +2.0% / (4.2%) / $1.86B