Weekly Channel Summary
The Cryptocurrency channel closed the week with $135.91B in total AUM spread across 91 ETFs from 26 issuers. Net flows were strongly positive over the trailing 5 days at $3,585M, with YTD flows at $3,822M and 1-Year flows at $5,362M, indicating that the bulk of this year’s inflow activity has concentrated in the most recent stretch. The scale of the 5-Day figure relative to the YTD total underscores an acceleration in investor participation heading into the end of September.
This Week’s Performance Leaders and Laggards
Altcoin led all categories on the week with a WTD gain of 8.28%, far outpacing Multicoin (3.72%), Bitcoin (3.37%), and Ethereum, which trailed the group at 2.00% despite its category-leading 73.11% return over three months. Altcoin’s strength was broad-based across its 43 constituents, and its 1481.13% 1-Year return highlights the outsized momentum built up over the past year, though its YTD figure of 52.33% is far more modest, suggesting recent gains have been front-loaded. Bitcoin and Multicoin remain in negative YTD territory at -4.29% and -5.74% respectively, a reminder that despite this week’s uniform gains across categories, longer-term performance diverges sharply. The standout fund of the week was SUIS, up 41.49%, closely trailed by TSUI and GSUI, both near 41%, as Sui-related staking products dominated the top of the leaderboard. On the downside, BITC was the week’s weakest performer at -2.93%, joined by a cluster of Hyperliquid-linked products posting modest declines.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Altcoin | 8.28% | 30.27% | 119.45% | 126.80% | 52.33% | 1481.13% |
| Multicoin | 3.72% | 7.63% | 47.39% | 19.26% | -5.74% | -26.96% |
| Bitcoin | 3.37% | 6.34% | 41.83% | 18.32% | -4.29% | -23.51% |
| Ethereum | 2.00% | 9.25% | 73.11% | 24.00% | -9.32% | -31.22% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s top performers were concentrated almost entirely in staking-linked altcoin products, with SUIS, TSUI, and GSUI all posting gains above 41%, reflecting a sharp rally in Sui-related exposure. Avalanche staking products GAVA and BAVA rounded out the top five, each gaining roughly 26.5%. At the bottom of the list, BITC declined 2.93%, while Hyperliquid-focused funds BHYP, THYP, and HYPG each slipped less than 1.3%. The spread between top and bottom performers this week was substantial, driven almost entirely by niche altcoin staking themes rather than the broader Bitcoin or Ethereum categories.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SUIS | Canary Staked SUIS ETF | 41.49% |
| TSUI | 21Shares Sui Staking ETF Common Shares of Beneficial Interest Shares | 41.48% |
| GSUI | Grayscale Sui Staking ETF | 41.09% |
| GAVA | Grayscale Avalanche Staking ETF | 26.48% |
| BAVA | Bitwise Avalanche ETF | 26.45% |
| Bottom Performers | ||
| BITC | Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF | -2.93% |
| BHYP | Bitwise Hyperliquid ETF Common Shares of Beneficial Interest | -1.27% |
| THYP | 21shares Hyperliquid Staking ETF | -0.93% |
| HYPG | Grayscale Hyperliquid Staking ETF | -0.89% |
| HBIT | Hedgeye Hedged Bitcoin ETF | -0.35% |
Analyzing the Weekly Flows
Total channel net flow reached $3,585M over the trailing five days, with Bitcoin capturing the lion’s share at $2,651M, followed by Ethereum at $642M and Altcoin at $292M. Multicoin was essentially flat over the period at $0M, a marked contrast to its 1-Year flow of just $26M. On a YTD basis the picture shifts notably, with Altcoin leading all categories at $2,172M in net inflows and Bitcoin trailing at just $118M, underscoring that this week’s Bitcoin-led surge represents a departure from the year’s broader flow pattern. Ethereum’s YTD inflows of $1,398M also outpace its recent 5-Day contribution, suggesting flows into that category have been more evenly distributed across the year.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Bitcoin | 22 | $110.79B | $2,651M | $3,421M | $3,844M | $118M | $407M |
| Ethereum | 13 | $17.78B | $642M | $1,636M | $2,754M | $1,398M | $124M |
| Altcoin | 43 | $5.98B | $292M | $866M | $1,158M | $2,172M | $4,804M |
| Multicoin | 13 | $1.36B | $0M | $1M | $179M | $134M | $26M |
Top & Bottom 5 ETFs by 5-Day Flow
Bitcoin funds dominated the week’s inflow leaderboard, led by IBIT with $1,190M and FBTC with $934M, together accounting for the majority of the channel’s net inflows. ETHA was the top Ethereum gatherer at $320M, while ARKB added $297M. On the outflow side, redemptions were minimal in magnitude, with TOXR shedding $4M and HODL giving back $3M, figures dwarfed by the scale of inflows at the top of the list. The overall pattern reflects heavy concentration of new capital into the largest, most established Bitcoin products.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBIT | iShares Bitcoin Trust ETF | $1,190M |
| FBTC | Fidelity Wise Origin Bitcoin Fund | $934M |
| ETHA | iShares Ethereum Trust ETF | $320M |
| ARKB | ARK 21Shares Bitcoin ETF | $297M |
| MSBT | Morgan Stanley Bitcoin Trust ETF | $193M |
| Outflows | ||
| TOXR | 21Shares XRP ETF Beneficial INT SH | -$4M |
| HODL | VanEck Bitcoin ETF | -$3M |
| NCIQ | Hashdex Nasdaq CME Crypto Index ETF | -$1M |
| BITC | Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF | -$1M |
| BITO | ProShares Bitcoin ETF | -$1M |
Issuer League Table Update
iShares remains the dominant issuer by AUM with a 57.74% market share on $78.47B across just 3 funds, followed by Grayscale at 16.38% share with $22.27B spread across 12 products. iShares also led weekly inflows at $1,526M, with Fidelity close behind at $1,119M, together capturing the bulk of the week’s net new capital. 21Shares rounded out the top inflow gatherers with $307M despite holding a comparatively small 2.39% market share. On the outflow side, activity was negligible, with Hashdex posting the largest weekly outflow at just $1M, highlighting that redemption pressure across issuers was virtually nonexistent this week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $78.47B | 57.74% |
| Grayscale | 12 | $22.27B | 16.38% |
| Fidelity | 3 | $17.40B | 12.80% |
| Bitwise | 11 | $6.50B | 4.78% |
| 21Shares | 12 | $3.24B | 2.39% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $1,526M |
| Fidelity | $1,119M |
| 21Shares | $307M |
| Outflows | |
| Hashdex | -$1M |
| ProShares | -$0M |
| WisdomTree | $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.
