Weekly Channel Summary
The Cryptocurrency ETF channel, comprising 85 funds from 23 issuers, holds a total of $86.05 billion in assets under management. This week, the channel experienced significant net outflows totaling over $2.0 billion. This brings the year-to-date net outflow to $6.66 billion, though the channel has still attracted a substantial $14.06 billion over the past twelve months.
This Week’s Performance Leaders and Laggards
Cryptocurrency ETFs posted a positive week across the board, rebounding from recent losses. The Ethereum category led all segments with an 8.11% gain, followed closely by Altcoin funds which rose 6.13%. Despite the weekly rally, all categories remain significantly down year-to-date, with Ethereum and Bitcoin funds still nursing losses of 42.68% and 29.86%, respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Ethereum | 8.11% | -10.73% | -17.68% | -45.45% | -42.68% | -34.89% |
| Altcoin | 6.13% | -3.48% | -7.78% | -41.46% | -37.17% | -54.36% |
| Multicoin | 3.66% | -8.80% | -10.03% | -35.21% | -32.86% | -42.74% |
| Bitcoin | 2.98% | -8.45% | -8.27% | -31.63% | -29.86% | -44.25% |
Top & Bottom 5 ETFs by Weekly Performance
Solana-focused products were the standout performers this week, occupying the top five spots. The 21Shares Solana ETF (TSOL) led the pack with a 10.96% return, with similar gains from other Solana-tracking funds. On the other end of the spectrum, the 21Shares Canton Network ETF (TCAN) was the sole significant decliner, falling 8.17% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| TSOL | 21Shares Solana ETF | 10.96% |
| FSOL | Fidelity Solana Fund | 10.83% |
| SOLZ | Solana ETF | 10.81% |
| VSOL | VanEck Solana ETF | 10.81% |
| BSOL | Bitwise Solana Staking ETF | 10.79% |
| Bottom Performers | ||
| TCAN | 21Shares Canton Network ETF | -8.17% |
| TDOG | 21Shares Dogecoin ETF | -2.04% |
| DOJE | REX-Osprey DOGE ETF | -1.97% |
| BWOW | Bitwise Dogecoin ETF | -1.87% |
| GDOG | Grayscale Dogecoin Trust ETF Accred Inv | -1.86% |
Analyzing the Weekly Flows
Investor sentiment turned sharply negative this week, resulting in over $2.0 billion in net outflows from the cryptocurrency channel. The vast majority of these redemptions came from the Bitcoin category, which shed $1.91 billion. Ethereum funds also saw outflows of $138 million, while Altcoin funds bucked the trend by attracting a modest $41 million in new assets.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Altcoin | 39 | $2.61B | $41M | $109M | $669M | $1,033M | $4,339M |
| Multicoin | 12 | $795M | $5M | $87M | $80M | -$40M | -$130M |
| Ethereum | 12 | $8.61B | -$138M | -$469M | -$694M | -$1,524M | $6,682M |
| Bitcoin | 21 | $73.91B | -$1,911M | -$4,349M | -$5,252M | -$6,125M | $3,166M |
Top & Bottom 5 ETFs by 5-Day Flow
Flows at the fund level were dominated by massive redemptions from the two largest spot Bitcoin ETFs. The iShares Bitcoin Trust ETF (IBIT) experienced staggering outflows of $1.44 billion, while the Fidelity Wise Origin Bitcoin Fund (FBTC) lost $340 million. In contrast, the Morgan Stanley Bitcoin Trust ETF (MSBT) was the week’s top asset gatherer, though its $46 million inflow was dwarfed by the outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| MSBT | Morgan Stanley Bitcoin Trust ETF | $46M |
| BTC | Grayscale Bitcoin Mini Trust ETF | $13M |
| XRP | Bitwise XRP ETF | $13M |
| FSOL | Fidelity Solana Fund | $9M |
| XRPZ | Franklin XRP ETF | $7M |
| Outflows | ||
| IBIT | iShares Bitcoin Trust ETF | -$1,442M |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$340M |
| ARKB | ARK 21Shares Bitcoin ETF | -$72M |
| ETHA | iShares Ethereum Trust ETF | -$61M |
| BTCO | Invesco Galaxy Bitcoin ETF | -$48M |
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: HYPG ($113M).
Issuer League Table Update
iShares and Grayscale continue to dominate the issuer landscape, controlling 56.71% and 16.90% of the channel’s AUM, respectively. However, iShares also led the week in outflows, shedding nearly $1.55 billion, primarily from its flagship Bitcoin fund. Morgan Stanley was the top asset gatherer for the week with $46 million in net inflows, while Fidelity saw the second-largest outflow at $330 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $48.80B | 56.71% |
| Grayscale | 11 | $14.54B | 16.90% |
| Fidelity | 3 | $11.33B | 13.17% |
| Bitwise | 11 | $4.01B | 4.65% |
| 21Shares | 12 | $2.13B | 2.47% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Morgan Stanley | $46M |
| Bitwise | $18M |
| Canary | $7M |
| Outflows | |
| iShares | -$1,545M |
| Fidelity | -$330M |
| 21Shares | -$77M |
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.
