Solana Falls 20.5% in June as Ethereum Declines 17.1% Amid ETF Outflows

Ethereum and Solana experienced significant price declines in June. Ethereum fell 17.1% month-to-date, exceeding its historical June average decline of 7.68%, while Solana dropped 20.5%. The declines occurred during a period of sustained ETF outflows for Ethereum and flat inflows for Solana. June has historically been a weak month for both tokens, with the current sell-off extending this trend.

Ethereum and Solana Record June Declines

Ethereum was down 17.1% month-to-date at press time, worse than its historical June average of -7.68%. Solana's decline reached 20.5%, marking a steeper fall than Ethereum. Solana's historical June average appeared less negative, though its median return was weak.

Ethereum ETF Sees Sustained Outflows

Ethereum Spot ETFs recorded daily net outflows of approximately $35.59 million at the time of writing. Total net assets stood near $8.96 billion. Solana's ETF market showed daily net inflow at flat levels, with total net assets around $729.15 million.

Open Interest Remains Elevated for Both Tokens

Ethereum's aggregated Open Interest was approximately $10.06 billion at press time, with a funding rate of 0.0040. Solana's Open Interest stood near $1.80 billion, with a funding rate of 0.0070.

FAQ

How much did Ethereum decline in June? Ethereum fell 17.1% month-to-date, exceeding its historical June average decline of 7.68%.

What were the ETF outflows for Ethereum? Ethereum Spot ETFs recorded daily net outflows of approximately $35.59 million, with total net assets near $8.96 billion at the time of writing.

What is Solana's Open Interest? Solana's aggregated Open Interest stood near $1.80 billion at press time, with a funding rate of 0.0070.