Weekly Channel Summary
The Cryptocurrency ETF channel, comprising 89 funds from 25 issuers, holds a total of $93.06 billion in assets under management. Investors pulled a net $200 million from the category over the past week, adding to year-to-date outflows that now total $4.85 billion. Despite the recent redemptions, the channel has still attracted a net $1.40 billion over the past year.
This Week’s Performance Leaders and Laggards
Cryptocurrency categories delivered mixed but mostly negative results this week, with Altcoin funds being the sole bright spot, gaining a slight 0.15%. On the downside, the Bitcoin category was the weakest performer, declining by 3.18% for the week. This short-term weakness is part of a longer-term trend, as all categories remain down more than 28% year-to-date, with Altcoins posting the largest loss at over 41%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Altcoin | 0.15% | -6.77% | -25.67% | -19.15% | -41.26% | -70.33% |
| Ethereum | -2.01% | 0.08% | -18.22% | -8.10% | -36.71% | -58.69% |
| Multicoin | -2.81% | -2.79% | -22.77% | -10.17% | -31.15% | -49.85% |
| Bitcoin | -3.18% | -2.62% | -22.85% | -8.67% | -28.30% | -46.93% |
Top & Bottom 5 ETFs by Weekly Performance
Chainlink-focused products were the clear winners in performance, led by the VolatilityShares Chainlink ETF (CHNL), which surged 10.37%. Several other Chainlink ETFs also posted gains of over 9.5%, bucking the broader market trend. At the other end of the performance spectrum, the Volatility Shares Cardano ETF (CRDD) was the biggest decliner, falling 10.70%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CHNL | VolatilityShares Chainlink ETF | 10.37% |
| GLNK | Grayscale Chainlink Trust ETF | 9.92% |
| CLNK | Bitwise Chainlink ETF Beneficial Interest | 9.50% |
| TCAN | 21Shares Canton Network ETF | 4.76% |
| VBNB | Vaneck BNB ETF Common Shares Of Beneficial Interest | 2.17% |
| Bottom Performers | ||
| CRDD | Volatility Shares Cardano ETF | -10.70% |
| TDOT | 21shares Polkadot ETF Shares of Beneficial Interest | -6.73% |
| LTCC | Canary Litecoin ETF | -3.93% |
| HBR | Canary HBAR ETF | -3.85% |
| BNAV | Amplify Fairlead Tactical Bitcoin ETF | -3.37% |
Analyzing the Weekly Flows
The cryptocurrency channel registered net outflows of $200 million, a move entirely dictated by sentiment in the Bitcoin category. Bitcoin ETFs saw $260 million in redemptions, continuing a negative 90-day trend for the segment. Meanwhile, investor appetite for other digital assets held firm, as Ethereum and Altcoin funds attracted a combined $59 million in new capital.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Ethereum | 13 | $10.63B | $47M | $493M | -$453M | -$934M | -$602M |
| Altcoin | 41 | $2.70B | $12M | $34M | $505M | $1,214M | $4,166M |
| Multicoin | 13 | $917M | $0M | $76M | $160M | $36M | -$59M |
| Bitcoin | 22 | $78.82B | -$260M | $995M | -$6,757M | -$5,161M | -$2,108M |
Top & Bottom 5 ETFs by 5-Day Flow
The Grayscale Bitcoin Mini Trust ETF (BTC) stood out as the top asset gatherer, attracting $76 million in a challenging week for its category. However, these inflows were overshadowed by significant redemptions from other major Bitcoin ETFs. The Fidelity Wise Origin Bitcoin Fund (FBTC) experienced the largest weekly outflow at $105 million, while the Grayscale Bitcoin Trust ETF (GBTC) was not far behind, losing $88 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BTC | Grayscale Bitcoin Mini Trust ETF | $76M |
| IBIT | iShares Bitcoin Trust ETF | $63M |
| ETHA | iShares Ethereum Trust ETF | $22M |
| ETH | Grayscale Ethereum Staking Mini ETF | $15M |
| BSOL | Bitwise Solana Staking ETF | $9M |
| Outflows | ||
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$105M |
| GBTC | Grayscale Bitcoin Trust ETF | -$88M |
| ARKB | ARK 21Shares Bitcoin ETF | -$68M |
| BITB | Bitwise Bitcoin ETF Trust | -$36M |
| BITO | ProShares Bitcoin ETF | -$30M |
Issuer League Table Update
iShares and Grayscale remain the two largest issuers in the space, collectively managing over 74% of the channel’s assets. iShares also led the pack in weekly asset gathering, securing $89 million in net inflows for its funds. In contrast, Fidelity faced the largest redemptions among all issuers, with its product lineup shedding a net $100 million over the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $53.59B | 57.58% |
| Grayscale | 11 | $15.56B | 16.72% |
| Fidelity | 3 | $11.87B | 12.76% |
| Bitwise | 11 | $4.18B | 4.49% |
| 21Shares | 12 | $2.32B | 2.49% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $89M |
| Morgan Stanley | $9M |
| Grayscale | $4M |
| Outflows | |
| Fidelity | -$100M |
| 21Shares | -$68M |
| ProShares | -$30M |
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.
