Weekly Channel Summary
The Cryptocurrency ETF channel continues to navigate a volatile landscape as of January 23, 2026. The channel currently comprises 64 ETFs across 19 issuers, representing a total of $141 billion in Assets Under Management (AUM). This past week, the channel experienced a significant cooling of investor sentiment, recording net outflows of $2.20 billion. Despite this weekly pullback, the channel maintains a robust long-term growth trajectory with $32.04 billion in net inflows over the past year, though Year-to-Date (YTD) flows have dipped slightly into negative territory at ($0.05 billion).
This Week’s Performance Leaders and Laggards
Performance across the digital asset landscape was universally negative this week. Bitcoin ETFs were the primary laggard in absolute terms relative to their size, falling -5.65% for the week, though they remain positive on a YTD basis (+1.95%). Ethereum was the worst-performing major category on a percentage basis, dropping -10.25% for the week and pushing its YTD performance into negative territory at -1.10%. Altcoin funds followed closely behind with a -9.77% weekly decline, though they maintain a stronger YTD lead of +3.12%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Bitcoin | -5.65% | 1.48% | -16.46% | -23.87% | 1.95% | -13.87% |
| Altcoin | -9.77% | 0.38% | -29.49% | -39.04% | 3.12% | – |
| Ethereum | -10.25% | -0.84% | -23.11% | -19.40% | -1.10% | -8.67% |
Top & Bottom 5 ETFs by Weekly Performance
The best-performing fund this week was the ORO (Arrow Valtoro ETF), which managed to limit its losses to -2.02%. On the other end of the spectrum, Solana-focused products faced intense selling pressure, with the SOLZ (Solana ETF) and GSOL (Grayscale Solana Staking ETF) being the worst performers, dropping -12.67% and -12.48% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ORO | Arrow Valtoro ETF | -2.02% |
| BTRN | Global X Bitcoin Trend Strategy ETF | -3.24% |
| IBIT | iShares Bitcoin Trust ETF | -5.74% |
| HODL | VanEck Bitcoin ETF | -5.74% |
| EZBC | Franklin Bitcoin ETF | -5.74% |
| Bottom Performers | ||
| SOLZ | Solana ETF | -12.67% |
| GSOL | Grayscale Solana Staking ETF | -12.48% |
| QSOL | Invesco Galaxy Solana ETF | -12.46% |
| FSOL | Fidelity Solana Fund | -12.00% |
| TSOL | 21Shares Solana ETF | -11.66% |
Analyzing the Weekly Flows
The channel witnessed a broad retreat this week, with total net outflows reaching $2.20 billion. Bitcoin was the hardest hit category, seeing $1,567 million in capital withdrawals, even as it remains the dominant force in the channel with $118.70 billion in total AUM. Ethereum funds also experienced significant pressure with $590 million in outflows. While the Altcoin category saw the least amount of selling pressure in dollar terms at ($40 million), it was not immune to the broader trend of capital exiting the space this week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Altcoin | 23 | $3.02B | ($40M) | $298M | $2,462M | $160M | $3,516M |
| Ethereum | 12 | $17.89B | ($590M) | ($210M) | ($2,219M) | ($54M) | $9,585M |
| Bitcoin | 18 | $118.70B | ($1,567M) | ($362M) | ($4,620M) | ($108M) | $18,972M |
Top & Bottom 5 ETFs by 5-Day Flow
The BITO (ProShares Bitcoin ETF) was the top individual fund for inflows this week, bucking the trend with $50 million in new capital. Conversely, the largest outflows were seen in the FBTC (Fidelity Wise Origin Bitcoin Fund) and IBIT (iShares Bitcoin Trust ETF), which lost $655 million and $421 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BITO | ProShares Bitcoin ETF | $50M |
| ETH | Grayscale Ethereum Staking Mini ETF | $9M |
| XRPZ | Franklin XRP ETF | $6M |
| XRP | Bitwise XRP ETF | $5M |
| GLNK | Grayscale Chainlink Trust ETF | $4M |
| Outflows | ||
| FBTC | Fidelity Wise Origin Bitcoin Fund | ($655M) |
| IBIT | iShares Bitcoin Trust ETF | ($421M) |
| ETHA | iShares Ethereum Trust ETF | ($372M) |
| GBTC | Grayscale Bitcoin Trust ETF | ($217M) |
| BITB | Bitwise Bitcoin ETF Trust | ($157M) |
Issuer League Table Update
iShares (BlackRock) maintains its dominant position in the market with a 56.79% share of total AUM, followed by Grayscale with a 17.09% share. This week, ProShares emerged as the leader in gathering weekly inflows ($28 million). In contrast, iShares faced the largest total outflows among all issuers, losing $793 million over the 5-day period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 2 | $79.97B | 56.79% |
| Grayscale | 8 | $24.06B | 17.09% |
| Fidelity | 3 | $19.66B | 13.96% |
| Bitwise | 10 | $5.91B | 4.20% |
| 21 Shares | 6 | $3.57B | 2.53% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| ProShares | $28M |
| Canary | $4M |
| Invesco | $0M |
| Outflows | |
| iShares | ($793M) |
| Fidelity | ($737M) |
| Grayscale | ($313M) |
For a deeper dive into these trends, access our FREE, in-depth Crypto 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.
