Crypto ETF Weekly: Bitcoin Hoards Cash While Ethereum Leads Returns

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Weekly Channel Summary

The Crypto ETF channel currently spans 19 different issuers operating 73 specific products. Total Assets Under Management (AUM) across the space stands at $109B. Investor sentiment shifted positive over the last week, as the channel collected $0.37B in 5-Day Flows. However, the channel remains in net outflow territory for the year, posting a Year-To-Date Flow of -$0.92B. Despite the recent YTD headwinds, the 1-Year Flow demonstrates significant historical accumulation with $34.61B.

This Week’s Performance Leaders and Laggards

Looking at weekly performance (WTD), Ethereum emerged as the sole bright spot among the major crypto groupings, posting a gain of 1.13%. However, Ethereum remains the weakest performer on a Year-To-Date basis at -25.82%. The primary laggard for the week was Bitcoin, shedding -1.80%, while the Altcoin category also saw a slight contraction of -0.59%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Ethereum 1.13% 7.88% -26.27% -49.99% -25.82% 8.00%
Altcoin -0.59% 0.99% -27.51% -59.32% -24.16% -37.66%
Bitcoin -1.80% 2.37% -16.54% -35.55% -16.16% -15.67%

Top & Bottom 5 ETFs by Weekly Performance

On an individual fund level, the GXRP (Grayscale XRP Trust ETF) was the best performing asset, rallying 2.43% this week. At the opposite end of the spectrum, the worst performing ETFs were the TSUI (21Shares Sui ETF) and the SUIS (Canary Staked SUIS ETF), which plummeted -4.60% and -4.58% respectively.

Ticker Fund Name WTD Performance
Top Performers
GXRP Grayscale XRP Trust ETF 2.43%
XRPI Volatility Shares Trust XRP ETF 2.25%
XRPC Canary XRP ETF 2.18%
XRPZ Franklin XRP ETF 2.16%
XRP Bitwise XRP ETF 2.15%
Bottom Performers
TSUI 21Shares Sui ETF -4.60%
SUIS Canary Staked SUIS ETF -4.58%
GSUI Grayscale Sui Staking ETF -4.35%
ORO Arrow Valtoro ETF -4.21%
DOJE REX-Osprey DOGE ETF -3.48%

Analyzing the Weekly Flows

Drilling down into the $370M ($0.37B) in net positive flows for the channel, Bitcoin took the lion’s share, vacuuming up $329M into its $92.92B asset base. The Altcoin category also contributed strong inflows, bringing in $39M over the 5-day period. Conversely, Ethereum suffered the largest capital flight with -$99M in net outflows.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Bitcoin 18 $92.92B $329M $2,212M -$1,148M -$566M $21,656M
Altcoin 29 $2.43B $39M $154M $565M $374M $3,728M
Ethereum 12 $12.32B -$99M $93M -$893M -$764M $9,247M

Top & Bottom 5 ETFs by 5-Day Flow

From a product perspective, the IBIT (iShares Bitcoin Trust ETF) was the runaway leader, attracting $380M in net inflows. On the outflow side, the heaviest redemptions hit the FETH (Fidelity Ethereum Fund ETF) with -$57M and the GBTC (Grayscale Bitcoin Trust ETF) which lost -$24M.

Ticker Fund Name 5-Day Flow
Top Inflows
IBIT iShares Bitcoin Trust ETF $380M
BSOL Bitwise Solana Staking ETF $29M
ETH Grayscale Ethereum Staking Mini ETF $7M
EZBC Franklin Bitcoin ETF $6M
BRRR Coinshares Bitcoin ETF $5M
Top Outflows
FETH Fidelity Ethereum Fund ETF -$57M
GBTC Grayscale Bitcoin Trust ETF -$24M
BITB Bitwise Bitcoin ETF Trust -$18M
FBTC Fidelity Wise Origin Bitcoin Fund -$18M
ETHE Grayscale Ethereum Staking ETF -$15M

Issuer League Table Update

iShares (57.23% market share) and Grayscale (17.07% market share) continue to lead the pack in total assets managed within the crypto framework. During the past five trading days, iShares proved its dominance by pulling in $485M in fresh assets. In stark contrast, Fidelity registered the steepest net outflows among top issuers, shedding -$75M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 3 $62.27B 57.23%
Grayscale 10 $18.57B 17.07%
Fidelity 3 $14.63B 13.44%
Bitwise 10 $4.60B 4.22%
21 Shares 9 $2.70B 2.48%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Top Inflows
iShares $485M
Franklin $7M
CoinShares $5M
Top Outflows
Fidelity -$75M
Grayscale -$25M
21 Shares -$22M

For a deeper dive into these trends, access our FREE, in-depth Crypto ETF reports in the right side panel of this page.

Disclosures

This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.

This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.