Weekly Channel Summary
The Cryptocurrency ETF channel encompasses 89 funds from 25 issuers, with total assets under management standing at $94.35 billion. The segment experienced net outflows of $94 million over the past week, contributing to a year-to-date redemption of $5.44 billion. Despite the recent negative sentiment, the channel has still attracted a net positive $3.11 billion over the last twelve months.
This Week’s Performance Leaders and Laggards
Performance across cryptocurrency categories was mostly negative, with Ethereum being the sole exception, posting a slight gain of 0.21% for the week. In contrast, the Altcoin category was the weakest performer, declining by 2.72%. This weekly performance adds to a challenging year for all categories, with year-to-date losses ranging from 28.29% for Bitcoin to 40.76% for Altcoin funds.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Ethereum | 0.21% | 18.29% | -17.50% | -30.18% | -37.19% | -50.16% |
| Multicoin | -1.83% | 7.82% | -17.85% | -27.39% | -31.11% | -46.39% |
| Bitcoin | -1.97% | 7.07% | -17.77% | -25.04% | -28.29% | -46.35% |
| Altcoin | -2.72% | -1.08% | -17.98% | -37.02% | -40.76% | -65.93% |
Top & Bottom 5 ETFs by Weekly Performance
Individual fund performance showed significant divergence, led by the Vaneck BNB ETF Common Shares Of Beneficial Interest (VBNB), which returned 4.15%. On the other end of the spectrum, the 21Shares Hyperliquid ETF (THYP) was the worst performer, dropping 10.08% for the week. The bottom of the performance list was dominated by funds focused on the Hyperliquid token, highlighting concentrated risk within specific altcoins.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| VBNB | Vaneck BNB ETF Common Shares Of Beneficial Interest | 4.15% |
| BTCK | 7RCC Spot Bitcoin and Carbon Credit Futures ETF | 3.15% |
| VAVX | Vaneck Avalanche Etf | 3.05% |
| BAVA | Bitwise Avalanche ETF | 2.68% |
| GAVA | Grayscale Avalanche Staking ETF | 2.54% |
| Bottom Performers | ||
| THYP | 21Shares Hyperliquid ETF | -10.08% |
| HYPG | Grayscale Hyperliquid Staking ETF | -9.98% |
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | -9.71% |
| TDOT | 21shares Polkadot ETF Shares of Beneficial Interest | -5.44% |
| HBR | Canary HBAR ETF | -4.62% |
Analyzing the Weekly Flows
Cryptocurrency ETFs saw net redemptions totaling $94 million for the week, driven by outflows from the largest categories. Ethereum funds experienced the most significant withdrawals at $52 million, followed closely by Bitcoin funds which shed $33 million. Multicoin was the only category to attract new capital, albeit a modest $1 million, while Altcoin funds saw minor outflows of $9 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multicoin | 13 | $881M | $1M | $20M | $108M | -$21M | -$112M |
| Altcoin | 41 | $2.60B | -$9M | $22M | $649M | $1,183M | $4,185M |
| Bitcoin | 22 | $80.29B | -$33M | $166M | -$6,630M | -$5,419M | -$2,609M |
| Ethereum | 13 | $10.58B | -$52M | $326M | -$741M | -$1,185M | $1,646M |
Top & Bottom 5 ETFs by 5-Day Flow
The Bitwise Bitcoin ETF Trust (BITB) was the most popular fund, attracting $21 million in new assets. However, these inflows were overshadowed by significant redemptions from two Fidelity products. The Fidelity Wise Origin Bitcoin Fund (FBTC) led all outflows with -$58 million, and its sibling fund, the Fidelity Ethereum Fund ETF (FETH), saw the second-largest redemption of -$47 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BITB | Bitwise Bitcoin ETF Trust | $21M |
| MSSE | Morgan Stanley Ethereum Trust ETF | $20M |
| MSOL | Morgan Stanley Solana Trust ETF | $19M |
| MSBT | Morgan Stanley Bitcoin Trust ETF | $7M |
| BTC | Grayscale Bitcoin Mini Trust ETF | $7M |
| Outflows | ||
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$58M |
| FETH | Fidelity Ethereum Fund ETF | -$47M |
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | -$19M |
| BSOL | Bitwise Solana Staking ETF | -$17M |
| ETHA | iShares Ethereum Trust ETF | -$16M |
Issuer League Table Update
iShares continues to dominate the cryptocurrency space with $54.00 billion in AUM, capturing a 57.24% market share, followed by Grayscale with a 16.88% share. In terms of weekly flows, Morgan Stanley led all issuers by collecting $47 million in net new assets. Conversely, Fidelity experienced the largest withdrawals, with investors pulling a net $105 million from its suite of cryptocurrency ETFs.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $54.00B | 57.24% |
| Grayscale | 11 | $15.93B | 16.88% |
| Fidelity | 3 | $12.03B | 12.75% |
| Bitwise | 11 | $4.26B | 4.52% |
| 21Shares | 12 | $2.41B | 2.55% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Morgan Stanley | $47M |
| Franklin | $4M |
| ProShares | $3M |
| Outflows | |
| Fidelity | -$105M |
| 21Shares | -$15M |
| iShares | -$13M |
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.
