Binance Research has released its latest "Monthly Market Insights – June 2025" report, highlighting strong growth across crypto markets in May, led by Bitcoin’s new all-time high and a major rally in Ethereum.
The report reveals that total crypto market capitalization rose by 10.3% in May, continuing its upward trajectory despite persistent volatility tied to U.S. trade policy uncertainty. Major developments in institutional adoption, DeFi, and real-world assets (RWAs) also played a significant role in driving the market forward.
Key Takeaways from the June 2025 Binance Research Report:
Bitcoin Hits ATH Amid ETF Inflows
BTC reached a new all-time high in May, fueled by $5.2 billion in net inflows into U.S. spot Bitcoin ETFs — the strongest inflow since November 2024.
BlackRock’s IBIT led the inflows, while Grayscale’s GBTC saw outflows of $320 million, suggesting a “winner-takes-all” trend emerging among ETF providers.
Corporate BTC holdings surged to 809,100 BTC across 116 public companies, spurred by price appreciation and clearer regulatory frameworks.
Ethereum Jumps 43.9% Post-Upgrade
Ethereum gained 43.9% in May, rebounding strongly after the successful Pectra upgrade, which improved scalability and network security.
Institutional confidence in ETH grew as Sharplink disclosed a $425 million ETH treasury allocation, positioning Ethereum as a potential long-term reserve asset.
DeFi and RWA Sectors Lead Market Gains
The DeFi sector rose 19.0% in May, outperforming other categories due to new product launches and increased total value locked (TVL).
The tokenized real-world assets (RWA) market grew 260% in H1 2025 to reach $23 billion, driven by tokenized private credit (58%) and U.S. Treasury debt (34%).
Improved regulatory clarity is expected to attract further institutional participation in RWAs.
Liquidations and Volatility
Nearly $1 billion in BTC and ETH shorts were liquidated during the month, reflecting heightened volatility amid geopolitical tensions.
Despite intraday price swings, Bitcoin closed May with an 11.1% monthly gain.
Corporate Adoption Continues
Institutional adoption strengthened, with firms like TwentyOne Capital and Sharplink increasing exposure to BTC and ETH in corporate treasuries.
While Bitcoin remains the dominant reserve asset, a growing number of companies are exploring ETH, SOL, and XRP allocations.
