Crypto Morning Daily
Bitcoin is down another 5% today and still falling, $60,000 should be a level of resistance, if not $58,000 is possible. Crypto ETFs broadly declined on June 5 as weakness in digital assets continued across the market. Bitcoin ETFs were down approximately 2.7% on average, with the largest funds including iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC) all falling between 2.6% and 2.9%. Ethereum ETFs were relatively more resilient, declining an average of 1.5%, led by losses of roughly 1.3% to 1.4% across spot products such as ETHA, FETH, and ETHW. XRP ETFs fell an average of 2.8%, while Solana ETFs were among the weakest segments, declining an average of 4.4% as investors reduced exposure to higher-beta crypto assets.
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