Flagship indices posted double-digit increases: The CF Smart Contract Platforms Index surged 31.84 % MTD, leading gains, while Ultra Cap 5 and Diversified Large Cap advanced about 27 %. Even traditionally defensive gauges like the Free-Float Broad Cap added 17 %, confirming risk-on sentiment across market segments.
Pro-innovation policy fuels broad rally: The SEC’s green-light for in-kind ETF creations and new listing rules, together with the GENIUS Act’s stable-coin framework and a White House crypto roadmap, have fostered a friendlier regulatory climate, catalyzing renewed investor confidence and a broad upswing across major tokens.
Historic fund inflows signal deepening adoption: Digital-asset funds attracted $10.6 billion, an all-time monthly record. Bitcoin captured $5.3 billion, while Ethereum drew $4.9 billion.
Regulated Derivatives markets set new highs: CME Ether futures traded nearly $118 billion with open interest climbing to $5.21 billion, eclipsing prior peaks. Alt-coin contracts followed suit: Solana volume jumped to $8.1 billion with open interest above $400 million, and XRP futures hit $125 million in turnover, highlighting rising institutional market participation.
On-chain activity rebounded sharply: Total value locked in DeFi protocols rose 20.6 % to roughly $340 billion, fueled by borrowing-and-lending growth on Ethereum. Aggregate layer-1 fees across Bitcoin, Ethereum, and Solana climbed to $108.4 million, underscoring higher network usage and fee demand.
To read the complete report, kindly click on the provided link (or click here to view a PDF version). Additionally, please do not forget to subscribe to our latest news and research for the most relevant institutional insights on digital assets and the top digital assets by market cap.
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
Crypto IPO activity is heating up, corporate treasuries are accumulating at an accelerating pace, and with the Clarity Act bringing long-awaited regulatory certainty, institutional adoption is poised to accelerate into the end of 2025.
CF Benchmarks
First dual launch of spot Bitcoin and Ether ETFs in Hong Kong this year offers unified, regulated access to the top two digital assets, plus ETH staking
CF Benchmarks
Altcoins rallied, led by Cardano and Chainlink, while large caps stalled. Web3 and Infrastructure tokens showed strength as culture tokens lagged. ETH staking rewards fell. Rising USDT funding and shifting volatility skews point to higher borrowing demand and downside hedging.
CF Benchmarks