Weekly Channel Summary
This week, the Crypto ETF Channel (excluding Multicoin products) comprises 71 ETFs managed across 22 issuers, representing a total Assets Under Management (AUM) of $90.30B. The channel experienced negative net flows over the trailing 5-day period, shedding -$757M. Year-to-date, the channel has seen net outflows of -$3,696M, though the 1-year trailing flow remains strongly positive at $21,247M.
This Week’s Performance Leaders and Laggards
Ethereum ETFs led the channel this week with an impressive 6.04% return, followed closely by Altcoin ETFs at 5.43%. While Bitcoin ETFs lagged their peers on a relative basis, they still posted a solid 4.73% gain. Despite this weekly bounce, all categories remain deeply in the red year-to-date, with Ethereum acting as the primary laggard, down -40.78% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Ethereum | 6.04% | -24.91% | -18.46% | -42.92% | -40.78% | -36.23% |
| Altcoin | 5.43% | -22.93% | -19.35% | -44.56% | -39.33% | -57.97% |
| Bitcoin | 4.73% | -18.78% | -8.42% | -23.94% | -22.13% | -37.02% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing individual fund this week was the 21Shares Canton Network ETF (TCAN), surging 12.37%. On the opposite end of the spectrum, the Volatility Shares Stellar ETF (STLR) and the Grayscale Avalanche Staking ETF (GAVA) were the two worst-performing funds, pulling back -2.03% and -1.79% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| TCAN | 21Shares Canton Network ETF | 12.37% |
| TSUI | 21Shares Sui ETF | 9.64% |
| SUIS | Canary Staked SUIS ETF | 9.61% |
| DOJE | REX-Osprey DOGE ETF | 9.57% |
| BWOW | Bitwise Dogecoin ETF | 9.55% |
| Bottom Performers | ||
| STLR | Volatility Shares Stellar ETF | -2.03% |
| GAVA | Grayscale Avalanche Staking ETF | -1.79% |
| ORO | Arrow Valtoro ETF | -1.52% |
| BAVA | Bitwise Avalanche ETF | -1.10% |
| VAVX | Vaneck Avalanche Etf | -1.08% |
Analyzing the Weekly Flows
Total net flows for the evaluated channel registered at -$757M for the week. The Altcoin category was the only area to see net positive capital movement, gathering $16M to push its total AUM to $2.42B. In contrast, Bitcoin was the largest outflow category, facing intense selling pressure as -$758M exited the space.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Altcoin | 38 | $2.42B | $16M | $289M | $606M | $943M | $4,261M |
| Ethereum | 13 | $9.02B | -$15M | -$878M | -$455M | -$1,192M | $7,530M |
| Bitcoin | 20 | $78.86B | -$758M | -$5,904M | -$2,499M | -$3,447M | $9,456M |
Top & Bottom 5 ETFs by 5-Day Flow
On an individual fund level, the Hashdex Nasdaq CME Crypto Index ETF (NCIQ) easily captured the top spot for inflows, taking in $110M. Conversely, the market’s heaviest losses were driven by the iShares Bitcoin Trust ETF (IBIT) and the Grayscale Bitcoin Trust ETF (GBTC), suffering massive outflows of -$626M and -$149M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| NCIQ | Hashdex Nasdaq CME Crypto Index ETF | $110M |
| ARKB | ARK 21Shares Bitcoin ETF | $36M |
| ETHB | iShares Staked Ethereum Trust ETF | $33M |
| BTC | Grayscale Bitcoin Mini Trust ETF | $28M |
| MSBT | Morgan Stanley Bitcoin Trust ETF | $11M |
| Outflows | ||
| IBIT | iShares Bitcoin Trust ETF | -$626M |
| GBTC | Grayscale Bitcoin Trust ETF | -$149M |
| BITO | ProShares Bitcoin ETF | -$31M |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$22M |
| BITW | Bitwise 10 Crypto Index ETF | -$19M |
Issuer League Table Update
The crypto ETF landscape remains top-heavy, with the two largest issuers—iShares and Grayscale—maintaining commanding 57.51% and 16.56% market shares, respectively. Despite this dominance, Hashdex was the most successful at gathering new assets this week. Conversely, the market leader iShares suffered the week’s most severe drawdown, logging net outflows of -$610M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $52.35B | 57.51% |
| Grayscale | 11 | $15.08B | 16.56% |
| Fidelity | 3 | $12.05B | 13.23% |
| Bitwise | 11 | $3.96B | 4.35% |
| 21 Shares | 12 | $2.29B | 2.51% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Hashdex | $114M |
| 21 Shares | $40M |
| Morgan Stanley | $11M |
| Outflows | |
| iShares | -$610M |
| Grayscale | -$142M |
| ProShares | -$33M |
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.
