Weekly Channel Summary
The Cryptocurrency channel, comprising 90 ETFs from 26 issuers, holds total assets of $119.60B. This week, the channel experienced robust net inflows of $917M, contributing to a positive year-to-date flow of $872M. Over the past year, these funds have collectively gathered $5,397M in new assets.
This Week’s Performance Leaders and Laggards
All cryptocurrency categories posted gains for the week, continuing a recent positive trend. Altcoin funds led the way with an average return of 3.36%, followed closely by Bitcoin funds at 2.98%. Ethereum-focused ETFs were the relative laggards but still finished in positive territory with a 0.83% gain. Despite the weekly upswing, all categories remain negative year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Altcoin | 3.36% | 42.92% | 39.15% | 39.73% | -1.95% | 862.50% |
| Bitcoin | 2.98% | 24.25% | 25.50% | 9.01% | -9.01% | -27.59% |
| Multicoin | 2.45% | 25.73% | 27.06% | 8.41% | -11.74% | -31.37% |
| Ethereum | 0.83% | 30.98% | 38.44% | 14.08% | -17.31% | -42.58% |
Top & Bottom 5 ETFs by Weekly Performance
Individual fund performance showed significant dispersion across the digital asset landscape. The Grayscale Zcash Trust (ZCSH) was the clear standout, surging by an impressive 30.73%. In contrast, the 21Shares Canton Network ETF (TCAN) was the weakest performer, declining by 3.37%. Several Solana-focused funds also appeared among the bottom performers for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ZCSH | Grayscale Zcash Trust | 30.73% |
| BTCK | 7RCC Spot Bitcoin and Carbon Credit Futures ETF | 9.01% |
| THYP | 21shares Hyperliquid Staking ETF | 6.80% |
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | 6.56% |
| HYPG | Grayscale Hyperliquid Staking ETF | 6.49% |
| Bottom Performers | ||
| TCAN | 21Shares Canton Network ETF | -3.37% |
| NGHT | Nicholas Bitcoin and Treasuries AfterDark ETF | -2.93% |
| SOLZ | Solana ETF | -1.94% |
| GSOL | Grayscale Solana Staking ETF | -1.92% |
| SSK | REX-Osprey SOL + Staking ETF | -1.72% |
Analyzing the Weekly Flows
Investors allocated a substantial $917M in net new capital to cryptocurrency ETFs over the week. Bitcoin-focused products were the primary destination for these flows, attracting $579M. Ethereum funds also saw significant demand, gathering $228M in new assets. Altcoin and Multicoin categories contributed smaller but still positive inflows, completing a strong week across the channel.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Bitcoin | 22 | $99.00B | $579M | $3,813M | $996M | -$1,671M | $1,005M |
| Ethereum | 13 | $15.07B | $228M | $1,900M | $1,911M | $713M | -$188M |
| Altcoin | 42 | $4.32B | $109M | $500M | $771M | $1,698M | $4,548M |
| Multicoin | 13 | $1.21B | $1M | $153M | $267M | $132M | $32M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Bitcoin Trust ETF (IBIT) single-handedly dominated inflows, pulling in $541M, which accounted for over half of the channel’s total. Other iShares products, including the iShares Ethereum Trust ETF (ETHA), also ranked among the top collectors. On the redemption side, the Grayscale Bitcoin Trust ETF (GBTC) led outflows at -$48M, followed by the VanEck Bitcoin ETF (HODL) with -$46M in withdrawals.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBIT | iShares Bitcoin Trust ETF | $541M |
| ETHA | iShares Ethereum Trust ETF | $162M |
| ETHB | iShares Staked Ethereum Trust ETF | $108M |
| BTC | Grayscale Bitcoin Mini Trust ETF | $89M |
| ZCSH | Grayscale Zcash Trust | $45M |
| Outflows | ||
| GBTC | Grayscale Bitcoin Trust ETF | -$48M |
| HODL | VanEck Bitcoin ETF | -$46M |
| ETHE | Grayscale Ethereum Staking ETF | -$37M |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$37M |
| FETH | Fidelity Ethereum Fund ETF | -$36M |
Issuer League Table Update
iShares maintains its commanding lead in the cryptocurrency space with a 58.01% market share, while Grayscale holds the second position at 16.48%. This leadership extended to weekly flows, as iShares attracted a dominant $811M in net new money. Grayscale also finished the week with positive flows, adding $80M. In contrast, Fidelity experienced the largest net redemptions among issuers, with investors pulling $70M from its fund lineup.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $69.38B | 58.01% |
| Grayscale | 12 | $19.70B | 16.48% |
| Fidelity | 3 | $14.99B | 12.53% |
| Bitwise | 11 | $5.57B | 4.66% |
| 21Shares | 12 | $2.92B | 2.44% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $811M |
| Grayscale | $80M |
| ProShares | $42M |
| Outflows | |
| Fidelity | -$70M |
| VanEck | -$44M |
| REX-Osprey | -$7M |
For a deeper dive into these trends, access our FREE, in-depth Cryptocurrency 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.
