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Bitcoin and Solana dropped significantly as the crypto market cap fell to $2.25 trillion. ETF outflows and macro pressures are driving the decline.
The cryptocurrency market has undergone a significant correction, with the total market capitalization contracting from $2.53 trillion to $2.25 trillion [1]. Bitcoin is currently trading at $63,436, while Solana has slipped below $65 as investors react to a combination of leveraged liquidations, institutional outflows, and macroeconomic uncertainty [1][2].
Key takeaways
The recent downturn has hit major assets hard, with Bitcoin falling 22.3% over the past month and Solana dropping
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 13, 2026 ·
It is a rewards-generating crypto exchange-traded product launched by BlackRock in March 2026 that holds spot Ether and stakes a portion of those holdings.
The fund stakes between 70% and 95% of its Ether holdings, and the resulting rewards are distributed to investors as monthly cash payouts.
Galaxy Digital is one of three validators selected by BlackRock to power the staking for the iShares Staked Ethereum Trust ETF.