Weekly Channel Summary
The Cryptocurrency channel ended the week with $136.28B in total AUM spread across 92 ETFs from 27 issuers. Net flows totaled $505M for the five-day period, bringing the YTD figure to $4,331M and the trailing one-year total to $4,926M. The pace of weekly inflows continues to run well ahead of the broader YTD trend, pointing to renewed short-term demand even as the channel’s full-year flow picture remains modest relative to AUM scale.
This Week’s Performance Leaders and Laggards
Bitcoin funds led category performance on the week with a modest 0.34% gain, while Ethereum (-0.98%) and Multicoin (-0.99%) posted small declines. Altcoin products were the clear laggard, falling 6.09% WTD despite still holding a commanding 27.60% YTD return and an extraordinary 448.07% one-year gain, underscoring how volatile the segment remains even amid a strong longer-term run. Bitcoin’s YTD return sits at -3.97%, while Ethereum has slipped further to -10.22% YTD. The standout fund of the week was BTCK, up 38.88%, far outpacing the next-best gainer HBR at 5.78%. On the downside, ZCSH dropped 17.29%, the week’s steepest decline among all tracked funds.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Bitcoin | 0.34% | 8.97% | 36.88% | 25.57% | -3.97% | -30.67% |
| Ethereum | -0.98% | 11.44% | 56.68% | 28.98% | -10.22% | -40.82% |
| Multicoin | -0.99% | 9.40% | 39.07% | 25.09% | -6.64% | -34.69% |
| Altcoin | -6.09% | 21.66% | 71.18% | 85.49% | 27.60% | 448.07% |
Top & Bottom 5 ETFs by Weekly Performance
Beyond the category leaders, fund-level dispersion was wide, with NGHT gaining 3.33% and VAVX and BAVA adding 1.48% and 1.39% respectively, both tied to Avalanche exposure. On the losing side, TCAN fell 9.29% and GDOG declined 7.03%, while XRP and Dogecoin-linked products XRPR and DOJE each dropped roughly 7%. These results reinforce the Altcoin category’s weekly weakness, with several of its constituent funds populating the bottom-performer list despite the group’s strong multi-month and one-year gains.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BTCK | 7RCC Spot Bitcoin and Carbon Credit Futures ETF | 38.88% |
| HBR | Canary HBAR ETF | 5.78% |
| NGHT | Nicholas Bitcoin and Treasuries AfterDark ETF | 3.33% |
| VAVX | Vaneck Avalanche Etf | 1.48% |
| BAVA | Bitwise Avalanche ETF | 1.39% |
| Bottom Performers | ||
| ZCSH | Grayscale Zcash Trust | -17.29% |
| TCAN | 21Shares Canton Network ETF | -9.29% |
| GDOG | Grayscale Dogecoin Trust ETF Accred Inv | -7.03% |
| XRPR | REX-Osprey XRP ETF | -6.96% |
| DOJE | REX-Osprey DOGE ETF | -6.92% |
Analyzing the Weekly Flows
The channel attracted $505M in net inflows for the week, led by Bitcoin funds at $253M and Altcoin products at $149M, with Ethereum funds adding $108M. Multicoin was the lone category in outflow, shedding $4M over the five-day period. Bitcoin remains the dominant flow driver over longer horizons as well, with $2,547M gathered over 30 days and $6,189M over 90 days, though its YTD flow of $372M trails both Altcoin’s $2,321M and Ethereum’s $1,509M, highlighting a broadening of investor interest beyond Bitcoin earlier in the year.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Bitcoin | 22 | $111.17B | $253M | $2,547M | $6,189M | $372M | -$20M |
| Altcoin | 43 | $5.91B | $149M | $664M | $1,162M | $2,321M | $4,811M |
| Ethereum | 13 | $17.79B | $108M | $831M | $3,044M | $1,509M | $123M |
| Multicoin | 13 | $1.36B | -$4M | $15M | $171M | $129M | $12M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, IBIT led all funds with $356M in weekly inflows, followed by BSOL at $90M and ETHA at $84M. On the outflow side, FBTC saw the largest redemptions at $74M, followed by BITB at $39M, with ZCSH also losing $39M amid its sharp price decline.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBIT | iShares Bitcoin Trust ETF | $356M |
| BSOL | Bitwise Solana Staking ETF | $90M |
| ETHA | iShares Ethereum Trust ETF | $84M |
| ARKB | ARK 21Shares Bitcoin ETF | $33M |
| ETHB | iShares Staked Ethereum Trust ETF | $32M |
| Outflows | ||
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$74M |
| BITB | Bitwise Bitcoin ETF Trust | -$39M |
| ZCSH | Grayscale Zcash Trust | -$39M |
| GBTC | Grayscale Bitcoin Trust ETF | -$23M |
| BITO | ProShares Bitcoin ETF | -$21M |
Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: NRR ($50M).
Issuer League Table Update
iShares remains the dominant force in the channel with 58.05% market share and $79.12B in AUM across just three funds, followed by Grayscale at 16.21% share with $22.10B spread across 12 products. iShares also led weekly inflows by a wide margin, pulling in $472M, with Bitwise and 21Shares adding $78M and $37M respectively. On the outflow side, Fidelity recorded the largest weekly redemptions at $71M, followed by Grayscale at $23M and ProShares at $21M, suggesting some rotation away from legacy spot Bitcoin vehicles toward iShares’ offerings during the period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $79.12B | 58.05% |
| Grayscale | 12 | $22.10B | 16.21% |
| Fidelity | 3 | $17.23B | 12.64% |
| Bitwise | 11 | $6.56B | 4.81% |
| 21Shares | 12 | $3.28B | 2.40% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $472M |
| Bitwise | $78M |
| 21Shares | $37M |
| Outflows | |
| Fidelity | -$71M |
| Grayscale | -$23M |
| ProShares | -$21M |
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.
