Weekly Channel Summary
The Cryptocurrency ETF channel, comprising 85 funds from 23 issuers, ended the week with total assets under management of $93.19 billion. The channel experienced modest net inflows of $116 million over the past five days, a slight positive turn. However, this recent gain does little to offset the significant year-to-date outflows, which currently stand at -$6.0 billion. Over a one-year period, the channel has accumulated a more substantial $7.17 billion in net new assets.
This Week’s Performance Leaders and Laggards
Ethereum-focused ETFs led performance this week, posting a collective gain of 2.83% and reversing some recent negative trends. Bitcoin and Multicoin funds were nearly flat, rising 0.33% and 0.34% respectively. In contrast, Altcoin ETFs were the notable laggards, declining by -2.96% for the week. Despite the weekly gains for some categories, all groups remain deeply in the red year-to-date, with losses ranging from -26.85% for Bitcoin to -39.12% for Altcoins.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Ethereum | 2.83% | 6.41% | -24.22% | -44.03% | -37.93% | -46.21% |
| Multicoin | 0.34% | 0.23% | -18.99% | -36.41% | -30.00% | -46.52% |
| Bitcoin | 0.33% | -0.09% | -17.31% | -33.02% | -26.85% | -46.35% |
| Altcoin | -2.96% | -3.52% | -21.44% | -47.07% | -39.12% | -67.86% |
Top & Bottom 5 ETFs by Weekly Performance
Among individual funds, the VolatilityShares Chainlink ETF (CHNL) was the standout performer, climbing 6.59% for the week. Several other Chainlink-focused products also posted strong returns. At the other end of the spectrum, the 21Shares Hyperliquid ETF (THYP) registered the steepest decline, falling -10.68%. This was closely followed by other Hyperliquid-tracking funds which also experienced double-digit percentage losses.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CHNL | VolatilityShares Chainlink ETF | 6.59% |
| CLNK | Bitwise Chainlink ETF Beneficial Interest | 4.46% |
| GLNK | Grayscale Chainlink Trust ETF | 4.27% |
| BTCK | 7RCC Spot Bitcoin and Carbon Credit Futures ETF | 3.25% |
| ETHV | VanEck Ethereum ETF | 3.06% |
| Bottom Performers | ||
| THYP | 21Shares Hyperliquid ETF | -10.68% |
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | -10.62% |
| HYPG | Grayscale Hyperliquid Staking ETF | -10.56% |
| HBR | Canary HBAR ETF | -5.93% |
| TCAN | 21Shares Canton Network ETF | -3.79% |
Analyzing the Weekly Flows
The Cryptocurrency channel attracted a net total of $116 million in new assets this week, reversing a recent trend of outflows. Ethereum funds led the way, pulling in $84 million, while Bitcoin products gathered a more modest $28 million. Altcoin ETFs also saw slight positive interest with $4 million in net inflows. This weekly activity contrasts sharply with the 90-day trend, which has seen both Bitcoin and Ethereum categories bleed over $6.0 billion and $781 million, respectively.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Ethereum | 12 | $10.20B | $84M | -$181M | -$781M | -$1,346M | $4,623M |
| Bitcoin | 21 | $79.34B | $28M | -$2,378M | -$6,049M | -$5,795M | -$1,669M |
| Altcoin | 40 | $2.80B | $4M | $194M | $730M | $1,181M | $4,347M |
| Multicoin | 12 | $858M | $0M | $5M | $83M | -$40M | -$129M |
Top & Bottom 5 ETFs by 5-Day Flow
Investor interest was highly concentrated, with the iShares Bitcoin Trust ETF (IBIT) attracting the lion’s share of inflows at $155 million. Redemptions were similarly focused, as the Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest weekly outflow of -$177 million. The Grayscale Bitcoin Trust ETF (GBTC) also continued to shed assets, losing -$53 million over the past five days.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBIT | iShares Bitcoin Trust ETF | $155M |
| ETHA | iShares Ethereum Trust ETF | $120M |
| BTC | Grayscale Bitcoin Mini Trust ETF | $70M |
| BITB | Bitwise Bitcoin ETF Trust | $18M |
| HODL | VanEck Bitcoin ETF | $10M |
| Outflows | ||
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$177M |
| GBTC | Grayscale Bitcoin Trust ETF | -$53M |
| FETH | Fidelity Ethereum Fund ETF | -$24M |
| ETH | Grayscale Ethereum Staking Mini ETF | -$10M |
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | -$8M |
Issuer League Table Update
iShares continues to dominate the cryptocurrency space, commanding a 56.88% market share with $53.01 billion in assets, followed by Grayscale with a 16.92% share. This week, iShares also led all issuers in asset gathering, pulling in $278 million in net inflows. In a significant reversal, Fidelity experienced the largest outflows among all providers, with investors withdrawing a net -$201 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $53.01B | 56.88% |
| Grayscale | 11 | $15.77B | 16.92% |
| Fidelity | 3 | $12.18B | 13.07% |
| Bitwise | 11 | $4.25B | 4.57% |
| 21Shares | 12 | $2.34B | 2.51% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $278M |
| Bitwise | $17M |
| VanEck | $10M |
| Outflows | |
| Fidelity | -$201M |
| ProShares | -$9M |
| Nicholas | -$0M |
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.
