Weekly Channel Summary
The Cryptocurrency channel held $126.61B in assets across 87 ETFs from 25 issuers as of the October 30, 2026 snapshot. Weekly net flows were modestly positive at $48M, extending a $2,988M year-to-date gain, though the channel remains down $1,954M over the trailing year. The divergence between a positive 5-day print and a negative 1-year figure underscores a sharp turn in sentiment that has occurred more recently than the broader annual trend suggests.
This Week’s Performance Leaders and Laggards
All four crypto categories posted negative returns on a weekly basis, with Ethereum the worst performer at -6.74% WTD, followed by Bitcoin at -5.62% and Multicoin at -5.33%; Altcoin fared comparatively better but still fell -3.39%. On a year-to-date basis, Altcoin remains the standout with a 17.00% gain, while Multicoin (-15.87%), Bitcoin (-12.73%) and Ethereum (-24.92%) are all in negative territory. Fund-level dispersion was wide this week: BHYP led all funds at 17.66% WTD, alongside two other Hyperliquid-linked products near 17.5%, while TDOT trailed the field at -12.65%. The gap between top and bottom performers highlights continued idiosyncratic risk within smaller altcoin-linked products even as broader category trends moved lower together.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Altcoin | -3.39% | -15.65% | 58.14% | 54.68% | 17.00% | 31.40% |
| Multicoin | -5.33% | -9.95% | 22.06% | 0.19% | -15.87% | -34.15% |
| Bitcoin | -5.62% | -8.36% | 21.67% | 0.06% | -12.73% | -30.47% |
| Ethereum | -6.74% | -16.41% | 19.58% | -1.35% | -24.92% | -42.61% |
Top & Bottom 5 ETFs by Weekly Performance
The top of the leaderboard was dominated by Hyperliquid-focused funds, with BHYP (17.66%), THYP (17.52%) and HYPG (17.46%) all posting double-digit weekly gains against a declining broader market. BTCK rounded out the positive performers at 13.73%, while only TRXS among the top five managed a modest 0.86% gain. On the downside, TDOT fell -12.65%, with CRDD close behind at -10.68%. Solana-linked products also struggled, with SOLZ and MSOL both declining roughly 8.8%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | 17.66% |
| THYP | 21shares Hyperliquid Staking ETF | 17.52% |
| HYPG | Grayscale Hyperliquid Staking ETF | 17.46% |
| BTCK | 7RCC Spot Bitcoin and Carbon Credit Futures ETF | 13.73% |
| TRXS | Canary Staked TRX ETF | 0.86% |
| Bottom Performers | ||
| TDOT | 21shares Polkadot Staking ETF Shares of Beneficial Interest | -12.65% |
| CRDD | Volatility Shares Cardano ETF | -10.68% |
| NRR | Bitwise NEAR ETF | -9.00% |
| SOLZ | Solana ETF | -8.81% |
| MSOL | Morgan Stanley Solana Trust ETF | -8.76% |
Analyzing the Weekly Flows
The channel generated $48M in net inflows for the week, a modest figure reflecting offsetting moves across categories. Bitcoin led inflows with $338M, continuing a trend of accumulation despite the category’s negative price performance, while Ethereum saw the largest outflow at -$273M, consistent with its -1,514M 30-day trend. Altcoin and Multicoin categories recorded smaller outflows of -$17M and -$1M respectively, a pullback after strong year-to-date and 90-day inflow totals. The split between Bitcoin’s continued accumulation and Ethereum’s redemptions suggests investors are rotating within the channel rather than exiting crypto exposure broadly.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Bitcoin | 21 | $106.04B | $338M | -$79M | $6,088M | $454M | -$4,058M |
| Multicoin | 11 | $1.25B | -$1M | -$9M | $143M | $125M | -$17M |
| Altcoin | 43 | $5.27B | -$17M | -$54M | $1,170M | $2,355M | $4,312M |
| Ethereum | 12 | $14.06B | -$273M | -$1,514M | $1,249M | $54M | -$2,191M |
Top & Bottom 5 ETFs by 5-Day Flow
IBIT led all funds with $300M in weekly inflows, reinforcing Bitcoin’s category-level strength, while FETH and ZCSH added $70M and $43M respectively. On the outflow side, ETHA was the clear outlier, shedding -$314M, far more than any other fund in the channel. BSOL was the second-largest redeemer at -$37M, with Solana-staking products broadly represented among the week’s largest outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBIT | iShares Bitcoin Trust ETF | $300M |
| FETH | Fidelity Ethereum Fund ETF | $70M |
| ZCSH | Grayscale Zcash Trust | $43M |
| BITO | ProShares Bitcoin ETF | $37M |
| BITB | Bitwise Bitcoin ETF Trust | $10M |
| Outflows | ||
| ETHA | iShares Ethereum Trust ETF | -$314M |
| BSOL | Bitwise Solana Staking ETF | -$37M |
| GSOL | Grayscale Solana Staking ETF | -$25M |
| ETHB | iShares Staked Ethereum Trust ETF | -$16M |
| ETHE | Grayscale Ethereum Staking ETF | -$16M |
Issuer League Table Update
iShares remains the dominant issuer by assets with $74.08B and a 58.51% market share across just 3 funds, followed by Grayscale at $20.42B and 16.13% share spread across 12 funds. Despite its scale, iShares recorded a net outflow of -$30M for the week, matched by Bitwise’s -$30M, while Grayscale saw a smaller -$10M outflow. Fidelity led all issuers in weekly inflows with $73M, driven largely by its Ethereum fund, with ProShares adding $35M and Morgan Stanley contributing $11M. The contrast between iShares’ scale-driven outflow and Fidelity’s inflow leadership highlights shifting investor preference within the week’s redemption activity.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $74.08B | 58.51% |
| Grayscale | 12 | $20.42B | 16.13% |
| Fidelity | 3 | $15.93B | 12.58% |
| Bitwise | 10 | $5.89B | 4.65% |
| 21Shares | 12 | $2.78B | 2.19% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Fidelity | $73M |
| ProShares | $35M |
| Morgan Stanley | $11M |
| Outflows | |
| iShares | -$30M |
| Bitwise | -$30M |
| Grayscale | -$10M |
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.
