Crypto Morning Daily

We are starting to see some green shoots around Ethereum and Solano that we think will translate to the ETF’s.  The crypto ETF market showed mixed performance yesterday, with average daily returns slightly negative at approximately -1.3%, even as underlying crypto assets rallied. Despite this divergence, the space saw net inflows of roughly $587M on the day, indicating continued institutional demand. Performance dispersion was notable, with top performers such as YBTC gaining ~0.38%, while laggards like XXRP declined ~5.0%, highlighting variability across product structures and exposures. Core Bitcoin ETFs—including large vehicles like IBIT and FBTC—remained central to flows, contributing to strong aggregate inflows even amid muted or negative price performance across parts of the ETF universe. Overall, the data suggests a constructive flow backdrop with short-term performance lag, implying investors are continuing to allocate capital despite near-term volatility in ETF returns.

20260408_Digi_Returns_Flows

The cryptocurrency market strengthened meaningfully into April 8, with total market capitalization rising 3.4% to $2.53T, accelerating from the prior day’s 0.5% gain to $2.47T. Large-cap assets led the move, as Bitcoin climbed 3.6% to $71,657 and Ethereum outperformed with a 5.7% increase to $2,249, signaling improving risk appetite. This strength extended across Layer-1 tokens, including Solana (+5.3%), Cardano (+6.0%), Avalanche (+7.8%), and Polkadot (+7.2%), reflecting broad participation. Momentum was particularly strong in select altcoins, with Zcash surging 23.3% (now +32.3% over 7 days) and Bittensor rising 9.2% (+11.2% 7D), while NEAR (+9.9%) and SEI (+9.7%) also posted notable gains. In contrast, downside was limited, with only Canton declining 2.8%, highlighting improved market breadth versus the previous session, which saw multiple decliners. Overall, the market is exhibiting a clear shift toward a risk-on environment, with capital rotating beyond Bitcoin into Ethereum and higher-beta altcoins.

Layer-1 Complex (Core Signal)

Key Insight:

• This is a “healthy bull structure”:
  • ETH > BTC → risk appetite rising
  • Alts confirming → not a narrow rally

April 8, 2026:

Trading Update as of 06:00ET: Total Market Cap +3.4% to $2.53T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • Zcash (ZEC) $329.48 / +23.3% / +32.3% / $6.92B
  • Internet Computer (ICP) $2.58 / +10.4% / +11.0% / $1.42B
  • NEAR Protocol (NEAR) $1.38 / +9.9% / +13.6% / $1.78B
  • SEI (Sei) $0.06 / +9.7% / +4.0% / $0.58B
  • Bittensor (TAO) $345.90 / +9.2% / +11.2% / $7.26B
• Notable Decliners
  • Canton (CC) $0.14 / (2.8%) / +0.6% / $5.5B
• Layer-1
  • Bitcoin (BTC) $71,657 / +3.6% / +4.4% / $1504.81B
  • Ethereum (ETH) $2,249 / +5.7% / +5.2% / $271.46B
  • BNB (BNB) $611.72 / +1.0% / (0.5%) / $83.41B
  • Solana (SOL) $84.65 / +5.3% / +1.5% / $52.82B
  • Cardano (ADA) $0.26 / +6.0% / +4.6% / $11.66B
  • Avalanche (AVAX) $9.37 / +7.8% / +1.6% / $6.7B
  • Hedera (HBAR) $0.09 / +4.1% / +1.3% / $4.54B
  • Polkadot (DOT) $1.33 / +7.2% / +3.4% / $2.79B
• Metaverse
  • Internet Computer (ICP) $2.58 / +10.4% / +11.0% / $1.42B
  • Chiliz (CHZ) $0.04 / +2.9% / (6.5%) / $0.4B
  • Axie Infinity (AXS) $1.14 / +2.4% / (1.0%) / $0.31B
  • Klaytn (KLAY) $0.05 / +2.1% / +1.2% / $0.28B
  • The Sandbox (SAND) $0.08 / +4.1% / +2.4% / $0.24B
• DeFi
  • Chainlink (LINK) $9.22 / +3.9% / +2.0% / $9.22B
  • Cronos (CRO) $0.07 / +2.6% / (0.4%) / $7.14B
  • Uniswap (UNI) $3.25 / +4.8% / (9.5%) / $2.92B
  • Sky (SKY) $0.08 / +4.8% / +7.4% / $1.87B
  • OKB (OKB) $84.94 / +2.3% / +1.2% / $1.78B

April 7, 2026:

Trading Update as of 18:05ET: Total Market Cap +0.5% to $2.47T

• Notable Gainers – Last price, 24H, 7D changes, Fully Diluted Valuation
  • Zcash (ZEC) $311.26 / +21.6% / +23.7% / $6.54B
  • Pepe (PEPE) $0.000004 / +4.8% / +6.1% / $1.49B
  • Bittensor (TAO) $326.86 / +3.9% / +6.5% / $6.86B
  • NEAR Protocol (NEAR) $1.30 / +3.8% / +10.1% / $1.69B
  • Monero (XMR) $336.93 / +3.5% / +2.4% / $6.22B
• Notable Decliners
  • Aave (AAVE) $91.18 / (3.6%) / (7.4%) / $1.46B
  • TIA (Celestia) $0.29 / (3.2%) / (3.5%) / $0.33B
  • MemeCore (M) $2.63 / (2.7%) / +13.0% / $26.32B
  • SEI (Sei) $0.05 / (2.5%) / +6.6% / $0.53B
  • Sky (SKY) $0.074 / (2.5%) / +1.0% / $1.79B
• Layer-1
  • Bitcoin (BTC) $69,912 / +0.6% / +2.5% / $1468.15B
  • Ethereum (ETH) $2,145 / +0.2% / +2.1% / $258.85B
  • XRP (XRP) $1.34 / +0.4% / (0.02%) / $133.96B
  • BNB (BNB) $612.21 / +1.2% / (0.9%) / $83.48B
  • Solana (SOL) $82.86 / +1.7% / +0.1% / $51.71B
  • Hyperliquid (HYPE) $37.83 / +2.3% / +4.0% / $36.38B
  • TRON (TRX) $0.31 / (0.4%) / +0.5% / $29.83B
• Metaverse
  • Aavegotchi (GHST) $0.09 / +42.8% / +9.5% / $0B
  • ApeCoin (APE) $0.09 / +4.5% / +1.4% / $0.09B
  • Internet Computer (ICP) $2.38 / +2.2% / +3.3% / $1.31B
  • Gala (GALA) $0.003 / +1.7% / +1.7% / $0.15B
  • The Sandbox (SAND) $0.08 / +1.0% / +4.0% / $0.24B
• DeFi
  • PancakeSwap (CAKE) $1.48 / +3.6% / +6.6% / $0.59B
  • Helium (HNT) $1.02 / +2.8% / (4.9%) / $0.23B
  • EigenCloud (EIGEN) $0.16 / +2.8% / (3.0%) / $0.29B
  • Filecoin (FIL) $0.9 / +2.8% / +7.8% / $1.76B
  • Curve DAO Token (CRV) $0.22 / +2.2% / (1.3%) / $0.65B