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Bitcoin, ether start June in the red while futures show taste for risk. XLM, HYPE gain
Bitcoin and ether fell Monday after dropping in May, a month that usually sees them post positive returns. U.S. equity index futures rose.
Jun 1, 2026, 10:04 a.m. 3 min read
What to know:
- Crypto markets opened June lower as tensions between the U.S. and Iran weighed on sentiment.
- Following spot bitcoin ETFs’ record 10 straight days of net outflows totaling $2.97 billion, derivatives data show mildly bullish positioning and steady open interest, suggesting institutional risk appetite is stabilizing.
- Stellar’s XLM surged more than 40% after DTCC chose its network for a tokenized securities platform rollout, signaling a pivotal role for the public blockchain in Wall Street’s multichain tokenization strategy.
The CoinDesk DeFi Select Index led the day’s decliners, dropping 2.6% since midnight, with all six members lower. Ondo Finance’s ONDO token fell 2.8%, and has now lost 17% since founder Nathan Allman died unexpectedly last week.
Hyperliquid’s HYPE stood out, adding 1.26% since midnight. A five-day streak of gains took it to a record high $73.94, its fourth in four days, as capital enters newly introduced ETFs based on the token, which started trading only last month.
U.S. stock indexes replayed Friday’s divergence, with S&P 500 and Nasdaq 100 micro-futures both adding about 0.2%.
