Based on the Crypto ETF ecosystem data as of June 11, digital asset ETFs participated in the
broader cryptocurrency rebound, although investor flows remained mixed across asset classes.
Bitcoin ETFs posted an average daily gain of approximately 2.7%, with most major funds
advancing between 2.6% and 2.8% as Bitcoin climbed above $63,000. Despite the price
recovery, investor demand remained cautious, with the category experiencing notable outflows
led by the iShares Bitcoin Trust (IBIT), which saw roughly $148 million leave the fund during
the session. Grayscale’s Bitcoin Trust (GBTC) also continued to experience redemptions, while
Grayscale’s Bitcoin Mini Trust (BTC) attracted approximately $17.5 million of inflows.
Leveraged Bitcoin products significantly outperformed, with 2x funds such as BITX, BITU, and
BTCL gaining between 5.3% and 5.4%, reflecting the strength of the underlying move.
Ethereum ETFs also rebounded alongside the broader market, generating average daily returns
of roughly 3.2% across spot products. The largest funds, including ETHA and Fidelity’s FETH,
participated in the rally, although both experienced meaningful outflows of approximately $20.6
million and $16.6 million, respectively. Leveraged Ethereum products posted the strongest
gains within the category, with ETHU, ETHT, and ETU advancing between 6.2% and 6.7% on
the day. Despite the positive performance, Ethereum ETFs continue to face headwinds from
weaker medium-term returns, with most funds down approximately 28% over the past month
and nearly 48% over the past six months.
Solana ETFs were among the strongest performers in the digital asset ETF universe. Spot-
oriented Solana funds generated average daily gains of approximately 5.4%, while leveraged
products such as SOLT and SLON surged more than 10%. Fund flows remained constructive,
with Bitwise’s BSOL attracting nearly $31 million over the past month and accumulating
approximately $270 million year-to-date, making it one of the standout products in the
category. VanEck’s VSOL and Grayscale’s GSOL also posted positive monthly and year-to-date
flow trends, suggesting growing investor interest in Solana exposure despite significant
drawdowns over the past six months.
XRP ETFs participated in the rally as well, with spot products delivering average gains of
approximately 4.1%. Franklin’s XRP ETF (XRPZ) continued to lead the category from a flows
perspective, attracting approximately $1.2 million during the session, $7.5 million over the past
week, and more than $161 million year-to-date. Leveraged XRP funds dramatically amplified
the move, with XXRP, XRPT, and UXRP rising between 8.0% and 8.5%. While XRP ETFs have
generated strong short-term momentum, most funds remain down roughly 23% over the past
month and more than 43% over the past six months, underscoring the volatility still present
across the asset class.
Overall, the crypto ETF landscape reflected a broad-based recovery in digital assets, with
Solana and XRP ETFs leading performance, followed by Ethereum and Bitcoin. Leveraged
products substantially outperformed their spot counterparts as investors embraced the risk-on
environment. However, fund flow data suggests institutions remain selective, with continued
outflows from some of the largest Bitcoin and Ethereum products partially offset by targeted
inflows into newer vehicles focused on Solana, XRP, and lower-cost Bitcoin exposure.
Cryptocurrency markets extended their rebound, with total market capitalization rising 1.3% to
$2.27 trillion as of 06:00 ET, building on the prior session’s 3.4% gain to $2.26 trillion. The move
reflected continued improvement in risk appetite across digital assets, led by strength in major
Layer-1 tokens and several higher-beta names. Bitcoin gained 1.5% to $63,791, while Ethereum
rose 1.5% to $1,683. Solana outperformed among the larger assets, advancing 2.9% to $67.25,
while Cardano added 3.2% and NEAR Protocol rallied 6.9%, reversing recent weakness and
moving positive over the past seven days.
Among notable outperformers, NEAR Protocol led the morning session with a 6.9% gain,
followed by Sei, Ondo, Hyperliquid, and MemeCore, each advancing more than 5%. Hyperliquid
continued to attract attention after rising 10.3% in the prior session, while Ondo built on its
recent momentum with another 6.0% move higher. On the downside, TRON was the main
decliner, falling 3.0% and extending its weekly loss to 4.1%.
Across sectors, DeFi tokens were broadly positive but more measured, led by OKB, Chainlink,
and Uniswap, while Filecoin remained under pressure on a weekly basis. The Metaverse
category also improved, with Axie Infinity, Chiliz, Klaytn, and The Sandbox posting gains,
although Internet Computers slipped modestly. Overall, sentiment remained constructive as
investors continued to return to digital assets following the prior week’s volatility, pushing the
total cryptocurrency market further above the $2.25 trillion level.
Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
- NEAR Protocol (NEAR) $2.13 / +6.9% / +4.0% / $2.76B
- SEI (Sei) $0.05 / +6.2% / +3.4% / $0.51B
- Ondo (ONDO) $0.37 / +6.0% / +3.1% / $3.66B
- Hyperliquid (HYPE) $59.19 / +6.0% / (3.8%) / $56.47B
- MemeCore (M) $3.07 / +5.5% / (6.6%) / $30.68B
Notable Decliners
- TRON (TRX) $0.31 / (3.0%) / (4.1%) / $29.64B
Layer-1
- Bitcoin (BTC) $63,791 / +1.5% / +1.6% / $1339.6B
- Ethereum (ETH) $1,683 / +1.5% / +0.2% / $203.1B
- BNB (BNB) $606.90 / +1.2% / +2.2% / $81.8B
- Solana (SOL) $67.25 / +2.9% / +1.5% / $42.25B
- Cardano (ADA) $0.17 / +3.2% / +5.4% / $7.73B
- Avalanche (AVAX) $6.65 / +1.3% / (7.9%) / $4.76B
- Hedera (HBAR) $0.08 / +1.5% / (2.3%) / $3.99B
- NEAR Protocol (NEAR) $2.13 / +6.9% / +4.0% / $2.76B
- Fantom (Migrated to Sonic) (FTM) $2.13 / (0.7%) / (13.7%) / $2.21B
- Polkadot (DOT) $0.96 / +1.8% / (3.2%) / $2.02B
Metaverse
- Internet Computer (ICP) $2.27 / (0.5%) / (8.7%) / $1.26B
- Chiliz (CHZ) $0.03 / +3.1% / +11.4% / $0.29B
- Axie Infinity (AXS) $0.95 / +3.7% / (0.9%) / $0.26B
- Klaytn (KLAY) $0.04 / +2.5% / (3.6%) / $0.22B
- The Sandbox (SAND) $0.05 / +2.2% / (3.4%) / $0.16B
DeFi
- Chainlink (LINK) $7.92 / +1.7% / +3.7% / $7.92B
- Cronos (CRO) $0.06 / +0.1% / +0.9% / $6B
- Uniswap (UNI) $2.54 / +1.1% / (0.3%) / $2.27B
- OKB (OKB) $72.78 / +2.0% / (1.2%) / $1.53B
- Filecoin (FIL) $0.76 / +0.6% / (5.0%) / $1.48B
