#NasdaqETFUpdate

Spot cryptocurrency ETFs on Nasdaq maintain an upward trend, driven by expectations of rate cuts and institutional adoption:

1. Bitcoin (BTC):

- Leading ETF (BlackRock/Grayscale) with record AUM (~US$62,000M).

- Price: US$72,300 (+18% monthly).

2. Ethereum (ETH):

- ETFs approved in May 2024 accumulate US$18,500M in AUM.

- Price: US$4,100 (+22% monthly).

3. Solana (SOL) and XRP:

- No direct spot ETFs (only futures or synthetic products).

- SOL trades at US$210 (+35% monthly).

- XRP at US$0.68 (+12% monthly), with volatility due to SEC litigation.

Key Factors:

- Macro context: Disinflation and potential rate cut in Q3 2025 favor risk assets.

- Institutional flows: Record net inflows in BTC/ETH ETFs (US$1,900M in June).

- Technology: Upgrades of Ethereum (Dencun) and Solana (Firedancer) bolster confidence.

Outlook: BTC/ETH ETFs established as institutional gateways; SOL and XRP await regulatory clarity for similar products.

*Sources: Bloomberg, CoinMarketCap (10/06/2025 NY close).*