Solana ETF is trading 3.1% down today as digital assets face pressure from escalating geopolitical tensions between the U.S. and Iran.
- Bitcoin and Ethereum have declined 3–4% over the past 24 hours, diverging from major U.S. equity indices that continue to hold near record highs.
- Investor sentiment is being weighed down by significant May outflows from spot Bitcoin ETFs and cooling expectations for Federal Reserve rate cuts.
- Risk appetite in the crypto sector has weakened as market participants react to heightened conflict risks in the Middle East.