Weekly Channel Summary
The Cryptocurrency channel ended the week with $128.42B in total AUM spread across 88 ETFs from 26 issuers. Net flows were modestly positive at $47M for the five-day period, bringing year-to-date net flows to $2,947M. Despite the positive YTD figure, the channel remains in outflow territory over the trailing one-year period at -$1,535M, reflecting a volatile stretch for digital-asset products.
This Week’s Performance Leaders and Laggards
Performance across crypto categories was mixed and tightly clustered on a weekly basis, with Altcoin funds leading at 0.39% WTD while Bitcoin, Multicoin, and Ethereum categories each posted modest declines between -0.39% and -0.77%. The spread widens considerably over longer horizons: Altcoin funds show a 15.53% YTD gain and a striking 156.91% 1-Year return, while Bitcoin, Multicoin, and Ethereum categories are all negative YTD, ranging from -7.53% to -19.49%. This divergence highlights the outsized recovery in select altcoin exposures relative to the more established Bitcoin and Ethereum cohorts. ZCSH stood out as the top performer for the week, gaining 6.75%, followed by BTCK at 5.64%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Altcoin | 0.39% | -11.97% | 50.52% | 48.87% | 15.53% | 156.91% |
| Bitcoin | -0.39% | -4.02% | 25.28% | 4.23% | -7.53% | -26.65% |
| Multicoin | -0.46% | -5.63% | 25.50% | 3.84% | -11.11% | -30.38% |
| Ethereum | -0.77% | -10.74% | 27.77% | 3.32% | -19.49% | -38.08% |
Top & Bottom 5 ETFs by Weekly Performance
At the fund level, weekly gains were concentrated among smaller, niche products rather than the flagship Bitcoin or Ethereum trusts. ZCSH led all funds with a 6.75% weekly gain, trailed by BTCK at 5.64% and VBNB at 2.80%. On the downside, Avalanche-linked products dominated the bottom of the list, with GAVA, BAVA, and VAVX all declining roughly 9.6-9.7% for the week. The consistency of the Avalanche-linked decline across three separate issuers points to a sharp, asset-specific drawdown rather than fund-specific idiosyncrasies.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ZCSH | Grayscale Zcash Trust | 6.75% |
| BTCK | 7RCC Spot Bitcoin and Carbon Credit Futures ETF | 5.64% |
| VBNB | Vaneck BNB ETF Common Shares Of Beneficial Interest | 2.80% |
| HBIT | Hedgeye Hedged Bitcoin ETF | 1.95% |
| XRP | Bitwise XRP ETF | 0.62% |
| Bottom Performers | ||
| GAVA | Grayscale Avalanche Staking ETF | -9.70% |
| BAVA | Bitwise Avalanche ETF | -9.67% |
| VAVX | Vaneck Avalanche Etf | -9.60% |
| NRR | Bitwise NEAR ETF | -5.78% |
| HBR | Canary HBAR ETF | -5.56% |
Analyzing the Weekly Flows
The channel generated $47M in net inflows over the trailing five days, driven primarily by the Bitcoin category, which pulled in $355M and remains the largest segment by AUM at $107.22B. Multicoin funds added a modest $1M, while Altcoin and Ethereum categories saw outflows of -$15M and -$295M, respectively, with Ethereum registering the largest weekly redemption among all categories. Over a 90-day horizon, every category posted positive flows, led by Bitcoin at $5,295M, suggesting the recent Ethereum weakness is a short-term rotation rather than a structural shift. The 1-year picture tells a different story, with Bitcoin and Ethereum both showing substantial net outflows of -$4,389M and -$1,839M respectively, even as Altcoin products gathered $4,707M over the same period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Bitcoin | 21 | $107.22B | $355M | $372M | $5,295M | $122M | -$4,389M |
| Multicoin | 11 | $1.25B | $1M | -$12M | $144M | $126M | -$13M |
| Altcoin | 44 | $5.24B | -$15M | $234M | $1,170M | $2,372M | $4,707M |
| Ethereum | 12 | $14.70B | -$295M | -$970M | $1,483M | $327M | -$1,839M |
Top & Bottom 5 ETFs by 5-Day Flow
Flow activity at the fund level was dominated by a single name: IBIT attracted $604M over the week, far outpacing all other funds and anchoring the Bitcoin category’s strong inflow total. Smaller inflows went to ETH at $21M and ZCSH at $19M. On the outflow side, ETHA led redemptions with -$303M, followed by ARKB at -$100M. The scale of ETHA’s outflow explains the bulk of the Ethereum category’s weekly decline, even as other Bitcoin products like FBTC and GBTC also saw modest redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBIT | iShares Bitcoin Trust ETF | $604M |
| ETH | Grayscale Ethereum Staking Mini ETF | $21M |
| ZCSH | Grayscale Zcash Trust | $19M |
| FETH | Fidelity Ethereum Fund ETF | $13M |
| BTC | Grayscale Bitcoin Mini Trust ETF | $8M |
| Outflows | ||
| ETHA | iShares Ethereum Trust ETF | -$303M |
| ARKB | ARK 21Shares Bitcoin ETF | -$100M |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$95M |
| GBTC | Grayscale Bitcoin Trust ETF | -$52M |
| BSOL | Bitwise Solana Staking ETF | -$23M |
Issuer League Table Update
iShares remains the dominant issuer in the Cryptocurrency channel with $74.76B in AUM and a 58.21% market share, followed by Grayscale at $20.55B and a 16.00% share. iShares also led weekly inflows by a wide margin, gathering $284M, well ahead of Franklin’s $15M and Morgan Stanley’s $4M. On the outflow side, 21Shares experienced the largest weekly redemption at -$102M, followed by Fidelity at -$84M and Bitwise at -$46M. The concentration of inflows into a single dominant issuer alongside broader redemptions elsewhere underscores continued consolidation of investor activity toward the largest, most established crypto ETF platforms.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $74.76B | 58.21% |
| Grayscale | 12 | $20.55B | 16.00% |
| Fidelity | 3 | $16.74B | 13.03% |
| Bitwise | 10 | $5.97B | 4.65% |
| 21Shares | 12 | $2.79B | 2.17% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $284M |
| Franklin | $15M |
| Morgan Stanley | $4M |
| Outflows | |
| 21Shares | -$102M |
| Fidelity | -$84M |
| Bitwise | -$46M |
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.
