Weekly Channel Summary
The Digital Asset ETF channel currently stands at an aggregate Total AUM of $95.31 billion, spread across 83 unique ETFs managed by 22 different issuers. It was a challenging week for the channel overall, logging a 5-Day Flow of -$1,669M. This recent drawdown has pushed the Year-to-Date (YTD) flow further into the red at -$3,079M. However, looking at a longer horizon, the 1-Year Flow remains robustly positive at $22,920M.
This Week’s Performance Leaders and Laggards
Performance across the crypto ETF spectrum was universally negative this week. The Bitcoin category was the relative leader, limiting its WTD losses to -15.29%, though it remains down -25.70% YTD. The primary lagging category was Ethereum, which suffered a steep -20.65% WTD decline, exacerbating its brutal YTD performance of -44.25%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Bitcoin | -15.29% | -23.25% | -13.53% | -26.90% | -25.70% | -37.65% |
| Altcoin | -20.23% | -25.01% | -24.77% | -48.04% | -42.46% | -57.67% |
| Ethereum | -20.65% | -31.94% | -23.91% | -45.50% | -44.25% | -36.54% |
Top & Bottom 5 ETFs by Weekly Performance
Bucking the broader market trend, the single best-performing ETF this week was the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC), scraping out a slightly positive WTD return. Conversely, the worst performers were deeply red, led downward by the Volatility Shares Cardano ETF (CRDD) and the Bitwise Avalanche ETF (BAVA).
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BITC | Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF | 0.06% |
| AETH | Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF | 0.05% |
| ORO | Arrow Valtoro ETF | -2.65% |
| BTRN | Global X Bitcoin Trend Strategy ETF | -5.52% |
| TCAN | 21Shares Canton Network ETF | -7.57% |
| Bottom Performers | ||
| CRDD | Volatility Shares Cardano ETF | -31.20% |
| BAVA | Bitwise Avalanche ETF | -24.28% |
| VAVX | Vaneck Avalanche Etf | -24.24% |
| TSUI | 21Shares Sui ETF | -24.15% |
| SUIS | Canary Staked SUIS ETF | -24.09% |
Analyzing the Weekly Flows
The channel experienced significant capital flight this week, recording net flows of -$1,669M. The Altcoin category was the sole bright spot, gathering $51M in inflows on a base of $2.60 billion AUM. However, these gains were vastly overshadowed by the Bitcoin category, which suffered as the largest outflow category, hemorrhaging -$1,519M over the five-day period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Altcoin | 38 | $2.60B | $51M | $388M | $559M | $927M | $4,250M |
| Ethereum | 13 | $9.84B | -$184M | -$871M | -$598M | -$1,177M | $8,000M |
| Bitcoin | 20 | $82.13B | -$1,519M | -$5,064M | -$1,864M | -$2,689M | $10,893M |
Top & Bottom 5 ETFs by 5-Day Flow
The Bitwise Hyperliquid ETF (BHYP) took the top spot for asset gathering this week, securing $33 million in net inflows. On the other end of the spectrum, massive redemptions hit legacy and bellwether products; the iShares Bitcoin Trust ETF (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) suffered the worst outflows, losing $1.19 billion and $174 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | $33M |
| MSBT | Morgan Stanley Bitcoin Trust ETF | $26M |
| THYP | 21 Shares Hyperliquid ETF | $14M |
| ETHB | iShares Staked Ethereum Trust ETF | $8M |
| XRPZ | Franklin XRP ETF | $6M |
| Outflows | ||
| IBIT | iShares Bitcoin Trust ETF | -$1,192M |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$174M |
| ETHA | iShares Ethereum Trust ETF | -$152M |
| GBTC | Grayscale Bitcoin Trust ETF | -$86M |
| ARKB | ARK 21 Shares Bitcoin ETF | -$57M |
Issuer League Table Update
iShares maintains a commanding lead over the channel, holding 57.66% of the AUM market share, followed distantly by Grayscale at 16.60%. Despite their dominant market position, iShares suffered the largest structural outflows this week. Morgan Stanley, a relatively new entrant, capitalized on the week to gather the most net inflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $54.96B | 57.66% |
| Grayscale | 11 | $15.82B | 16.60% |
| Fidelity | 3 | $12.45B | 13.06% |
| Bitwise | 11 | $4.15B | 4.35% |
| 21 Shares | 12 | $2.41B | 2.53% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Morgan Stanley | $26M |
| Franklin | $6M |
| ProShares | $5M |
| Outflows | |
| iShares | -$1,336M |
| Fidelity | -$190M |
| Grayscale | -$114M |
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.
