Ethereum ETFs Surge Nearly 10% Amid Broad Crypto Outflows

Posted on by ETF Action
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The U.S. cryptocurrency ETF market, comprising 37 products from 16 issuers with a collective $177.33 billion in assets under management, experienced a week of sharp divergences. While the market as a whole saw significant outflows totaling over $1.7 billion, Ethereum-focused ETFs posted remarkable gains. This contrast highlights a potential shift in investor sentiment, with capital rotating out of the largest Bitcoin funds even as conviction grows in Ethereum’s performance.

Weekly Performance Recap: Ethereum Leads, Bitcoin Lags

It was a standout week for Ethereum, which decisively outperformed all other digital asset categories. While Bitcoin-focused products ended the week with a slight loss, Ethereum ETFs delivered strong double-digit returns on average, signaling renewed investor enthusiasm for the second-largest cryptocurrency. Solana also posted healthy gains, reinforcing its position as a leading alternative asset.

  • Ethereum Category Return: 9.90%
  • Solana Category Return: 6.10%
  • Bitcoin Category Return: -0.49%

Weekly Fund Flow Leaders & Laggards

Despite the strong performance from Ethereum, the overarching theme of the week was capital withdrawal. The digital asset ETF space witnessed net outflows of over $1.7 billion, driven primarily by significant redemptions from the largest spot Bitcoin ETFs. This marks a notable reversal from the strong inflows seen in previous months.

Bitcoin ETFs: (AUM: $149.79B | 5D Flow: -$1,079M | 30D Flow: -$525M | YTD Flow: +$19.16B)

  • Top Inflows:
    1. BITO (ProShares Bitcoin ETF): +$91M
  • Top Outflows:
    1. IBIT (iShares Bitcoin Trust ETF): -$302M
    2. ARKB (ARK 21Shares Bitcoin ETF): -$295M
    3. FBTC (Fidelity Wise Origin Bitcoin Fund): -$286M

Ethereum ETFs: (AUM: $27.01B | 5D Flow: -$638M | 30D Flow: +$4,337M | YTD Flow: +$9.50B)

  • Top Inflows:
    1. ETHA (iShares Ethereum Trust ETF): +$220M
  • Top Outflows:
    1. FETH (Fidelity Ethereum Fund ETF): -$470M
    2. ETHE (Grayscale Ethereum Trust ETF): -$237M
    3. ETH (Grayscale Ethereum Mini Trust ETF): -$76M

Other Digital Asset ETFs (5-Day Flows):

  • Top Inflows:
    1. NCIO (Hashdex Nasdaq Crypto Index US ETF): +$2M
  • Top Outflows:
    1. SSK (REX-Osprey SOL + Staking ETF): -$4M

Issuer and Product Landscape

The issuer landscape remains concentrated, with the top three firms commanding over 90% of the total market. iShares continues to dominate with a 56.53% market share, followed by Grayscale at 18.82% and Fidelity at 14.59%. This week, ProShares led all issuers with net inflows of $92 million, while Fidelity experienced the largest net outflows, shedding $756 million. On the product front, the most recent launch in the space was the SSK (REX-Osprey SOL + Staking ETF), which debuted in early July.

For a detailed breakdown of all data, including individual fund performance and flows, please refer to the full ETF Action weekly cryptocurrency reports.

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.

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