# Bitcoin rises 3% to $68,100 as Solana outperforms and ETFs shift

**Published:** 2026-06-11T21:18:05.071Z  
**Topic:** Bitcoin advances, holds above key technical level that ether, solana can't break through  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/8d451d66-3fcb-4bd5-b8f5-c5f67c4b0af1

Bitcoin climbs to $68,100, gaining 2.9% while Solana jumps 3% and sees strong ETF inflows, contrasting with outflows from Bitcoin and Ethereum funds.

Bitcoin rallied Thursday, pushing the leading cryptocurrency to about $68,100, a 2.9% gain in 24 hours, while Solana (SOL) outperformed with a 3% rise and a new record relative to Ether (ETH) [1]. At the same time, newly launched Solana exchange‑traded funds (ETFs) have been attracting net creations, whereas Bitcoin and Ethereum ETFs have recorded sizable outflows [2].

**Key takeaways**  
- Bitcoin price reached $68,100, up 2.9% in the past day [1].  
- Solana gained roughly 3%, setting a fresh high relative to Ether [1].  
- Bitcoin and Ethereum ETFs lost about $1.7 billion and $473 million respectively over a recent week, while Solana ETFs recorded net inflows of $284 million in their first six trading days [2].  
- Analyst Hardy suggests Solana may be nearing a technical bottom, citing oversold conditions and stable network activity [3].  
- The market‑cap gap between Bitcoin ($1.33 trillion) and Ether ($303.6 billion) hit a new all‑time high, exceeding $1 trillion [1].

## Bitcoin’s modest rebound and Solana’s surge  

After a brief dip following an early‑week attempt to breach $70,000, Bitcoin recovered to $68,100, lifting the CoinDesk 20 index by more than 2.7% as other large coins followed suit [1]. Ether lagged behind, rising only 1.1% and slipping to a 3.5‑year low relative to Bitcoin, while Solana not only rose 3% but also posted a new record high versus Ether [1]. The widening market‑cap disparity—Bitcoin now over $1 trillion larger than Ether—underscores the divergent performance of the two leading assets [1].

## ETF flows reshape crypto capital allocation  

The launch of the BSOL US Solana ETF on October 28 sparked a six‑day inflow of $284 million, contrasting sharply with Bitcoin ETFs that shed $1.7 billion and Ethereum products that lost $473 million in the same period [2]. Data from Farside Investors and CoinShares show that Solana funds continued to post net creations each trading day, while Bitcoin and Ethereum funds experienced repeated redemptions, a pattern amplified by a risk‑off macro environment [2]. If these inflows persist beyond the initial launch window, they could tighten SOL’s float and shift allocator exposure toward Solana, potentially reinforcing its outperformance.

## Why it matters  

The simultaneous price rally in Bitcoin and outsized gains in Solana highlight a shifting risk landscape within crypto markets. While Bitcoin’s recovery suggests renewed confidence in the flagship asset, the persistent ETF inflows into Solana indicate that investors may be seeking alternative exposure amid broader market uncertainty. Analyst Hardy’s view that Solana could be approaching a technical bottom adds a layer of speculative optimism, especially if Bitcoin remains range‑bound and Solana’s network fundamentals stay stable [3]. Continued monitoring of ETF flow trends and on‑chain activity will be crucial to gauge whether Solana’s recent strength is a launch‑driven anomaly or the start of a more durable reallocation of capital.

## Sources
1. Business Insider — [Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness | Currency News | Financial and Business News | Markets Insider](https://markets.businessinsider.com/news/currencies/bitcoin-climbs-3-to-retake-68k-with-solana-outperforming-ether-showing-relative-weakness-1033889033)
2. Cryptoslate — [Solana ETFs are outperforming Bitcoin: Is SOL siphoning BTC liquidity?](https://cryptoslate.com/solana-etfs-are-outperforming-bitcoin-is-sol-siphoning-btc-liquidity/)
3. Coinpedia — [Solana Could Be Near a Bottom: Here’s What The Data Says](https://coinpedia.org/price-analysis/solana-could-be-near-a-bottom-heres-what-the-data-says/)

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Cite as: TrendWatcher, "Bitcoin rises 3% to $68,100 as Solana outperforms and ETFs shift", https://www.trendwatcher.in/article/8d451d66-3fcb-4bd5-b8f5-c5f67c4b0af1