Weekly Channel Summary
The Cryptocurrency channel ended the week with $129.33B in total AUM spread across 91 ETFs from 26 issuers. Net flows were negative over the trailing five days at -$530M, though the channel remains positive year-to-date at $2,895M. Over the trailing year, net flows are negative at -$2,350M, underscoring a choppy longer-term backdrop despite the recent YTD gain.
This Week’s Performance Leaders and Laggards
All four crypto categories posted negative returns on the week, with Bitcoin holding up best at -0.90% WTD, followed by Multicoin at -1.46%, Ethereum at -2.64%, and Altcoin trailing the group at -4.82%. Despite the weekly pullback, Altcoin remains the standout over longer horizons, up 43.52% over three months, 42.83% over six months, and 11.45% YTD, the only category in positive YTD territory. Bitcoin, Multicoin, and Ethereum all remain negative YTD, down 7.17%, 10.72%, and 18.86% respectively, with Ethereum showing the steepest one-year decline at -37.73%. The NRR fund was the week’s top performer at 8.09%, while TCAN lagged the entire channel with a -15.86% weekly loss.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Bitcoin | -0.90% | 7.21% | 26.72% | 7.88% | -7.17% | -25.00% |
| Multicoin | -1.46% | 5.87% | 26.87% | 5.95% | -10.72% | -28.75% |
| Ethereum | -2.64% | 0.18% | 28.66% | 2.12% | -18.86% | -37.73% |
| Altcoin | -4.82% | 2.59% | 43.52% | 42.83% | 11.45% | 259.47% |
Top & Bottom 5 ETFs by Weekly Performance
Beyond NRR’s leading 8.09% gain, DIME added 3.40% and TRXS rose a modest 1.01%, rounding out the top performers in a week where gains were scarce. On the downside, TCAN’s steep 15.86% decline was the worst in the channel, with HBR down 7.66% and XRP down 6.47% also among the weakest. The spread between top and bottom performers highlights continued volatility within niche altcoin products relative to the broader Bitcoin and Ethereum complex.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| NRR | Bitwise NEAR ETF | 8.09% |
| DIME | CoinShares Altcoins ETF | 3.40% |
| TRXS | Canary Staked TRX ETF | 1.01% |
| BTCK | 7RCC Spot Bitcoin and Carbon Credit Futures ETF | 0.91% |
| BTF | CoinShares Bitcoin and Ether ETF | 0.81% |
| Bottom Performers | ||
| TCAN | 21Shares Canton Network ETF | -15.86% |
| HBR | Canary HBAR ETF | -7.66% |
| XRP | Bitwise XRP ETF | -6.47% |
| STLR | Volatility Shares Stellar ETF | -6.36% |
| XRPI | Volatility Shares Trust XRP ETF | -6.35% |
Analyzing the Weekly Flows
The channel shed $530M in net flows over the trailing five days, with every category posting outflows. Ethereum led the outflows at -$306M, followed by Bitcoin at -$191M and Altcoin at -$29M, while Multicoin saw a smaller -$4M outflow. Despite this week’s pressure, Bitcoin and Altcoin remain the strongest categories over the trailing 90 days, with inflows of $5,651M and $1,205M respectively, suggesting the weekly pullback is a near-term pause rather than a structural shift.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multicoin | 13 | $1.29B | -$4M | -$13M | $146M | $120M | -$4M |
| Altcoin | 44 | $5.40B | -$29M | $512M | $1,205M | $2,386M | $4,773M |
| Bitcoin | 22 | $107.30B | -$191M | $1,986M | $5,651M | -$233M | -$5,289M |
| Ethereum | 12 | $15.34B | -$306M | -$362M | $1,934M | $622M | -$1,830M |
Top & Bottom 5 ETFs by 5-Day Flow
NRR led fund-level inflows at $14M, followed by FETH at $11M and GLNK at $9M. Outflows were concentrated at the top of the market, with ETHA shedding $285M, by far the largest redemption in the channel, while IBIT lost $71M. These two funds alone accounted for a large share of the week’s net channel outflow, reflecting profit-taking or rotation among the largest crypto ETFs.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| NRR | Bitwise NEAR ETF | $14M |
| FETH | Fidelity Ethereum Fund ETF | $11M |
| GLNK | Grayscale Chainlink Trust ETF | $9M |
| MSBT | Morgan Stanley Bitcoin Trust ETF | $7M |
| XRPZ | Franklin XRP ETF | $4M |
| Outflows | ||
| ETHA | iShares Ethereum Trust ETF | -$285M |
| IBIT | iShares Bitcoin Trust ETF | -$71M |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$53M |
| BITO | ProShares Bitcoin ETF | -$51M |
| ETHE | Grayscale Ethereum Staking ETF | -$18M |
Issuer League Table Update
iShares remains the dominant issuer by assets with a 58.46% share and $75.61B in AUM across just 3 funds, followed by Grayscale at 16.16% share with $20.90B across 12 funds. On the flow side, Morgan Stanley led weekly inflows at $7M, with VanEck and Franklin each adding $3M. iShares experienced the largest weekly outflow among issuers at -$357M, driven by redemptions in its flagship Bitcoin and Ethereum products, with Grayscale also seeing a notable -$56M outflow.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $75.61B | 58.46% |
| Grayscale | 12 | $20.90B | 16.16% |
| Fidelity | 3 | $16.09B | 12.44% |
| Bitwise | 10 | $6.14B | 4.75% |
| 21Shares | 12 | $2.94B | 2.27% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Morgan Stanley | $7M |
| VanEck | $3M |
| Franklin | $3M |
| Outflows | |
| iShares | -$357M |
| Grayscale | -$56M |
| ProShares | -$51M |
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.
