Crypto Recap: Altcoins Defy the Drop as Bitcoin & Ethereum Face Heavy Outflows

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Weekly Channel Summary

The Digital Asset ETF channel closed the week with 69 products from 19 issuers holding roughly $100.36 billion in total assets under management. Over the past week, the segment experienced net outflows totaling $535 million. Year-to-date flows stand at -$3.51 billion, though the channel remains highly positive over the trailing 1-year period, having accumulated $27.31 billion in total net inflows.

This Week’s Performance Leaders and Laggards

For the week, the Altcoin category was the sole positive performer, gaining 1.20% and improving its Year-to-Date return to -24.81%. Meanwhile, the Ethereum category experienced the sharpest decline, dropping 3.61% for the week and falling to -31.16% YTD. Bitcoin ETFs also saw negative action, slipping 1.26% on the week to bring their YTD performance to -17.95%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Altcoin 1.20% -26.93% -33.71% -55.77% -24.81%
Bitcoin -1.26% -19.44% -17.56% -36.64% -17.95% -28.33%
Ethereum -3.61% -31.44% -28.84% -52.67% -31.16% -25.69%

Top & Bottom 5 ETFs by Weekly Performance

At the fund level, DOJE (REX-Osprey DOGE ETF) led all peers with an impressive 5.55% WTD gain. Conversely, the largest declines were seen in ESK (REX-Osprey ETH + Staking ETF) and ETHV (VanEck Ethereum ETF), which fell 5.13% and 3.97%, respectively.

Ticker Fund Name WTD Performance
Top Performers
DOJE REX-Osprey DOGE ETF 5.55%
TDOG 21Shares Dogecoin ETF 4.40%
BWOW Bitwise Dogecoin ETF 4.40%
GDOG Grayscale Dogecoin Trust ETF Accred Inv 3.95%
HBR Canary HBAR ETF 3.64%
Bottom Performers
ESK REX-Osprey ETH + Staking ETF -5.13%
ETHV VanEck Ethereum ETF -3.97%
ETHA iShares Ethereum Trust ETF -3.96%
ETHW Bitwise Ethereum ETF -3.95%
EZET Franklin Ethereum ETF -3.95%

Analyzing the Weekly Flows

The channel experienced a total net outflow of $535 million over the past five days. Only the Altcoin category managed to attract positive net new money, pulling in $19 million to boost its total AUM to $2.14 billion. Conversely, the Bitcoin category suffered the largest drawdown, shedding $412 million, while Ethereum followed with $107 million in outflows.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Altcoin 27 $2.14B $19M $20M $1,396M $220M $3,576M
Ethereum 12 $11.07B ($107M) ($1,365M) ($1,288M) ($858M) $8,413M
Bitcoin 18 $86.30B ($412M) ($3,855M) ($3,878M) ($2,777M) $15,398M

Top & Bottom 5 ETFs by 5-Day Flow

When examining individual products, BTC (Grayscale Bitcoin Mini Trust ETF) successfully gathered the most new capital, taking in $43 million over the past five days. On the other end of the spectrum, IBIT (iShares Bitcoin Trust ETF) and ETHA (iShares Ethereum Trust ETF) saw the heaviest redemptions, losing $377 million and $113 million, respectively.

Ticker Fund Name 5-Day Flow
Inflows
BTC Grayscale Bitcoin Mini Trust ETF $43M
BSOL Bitwise Solana Staking ETF $10M
ETH Grayscale Ethereum Staking Mini ETF $7M
EETH ProShares Ether ETF $6M
XRP Bitwise XRP ETF $5M
Outflows
IBIT iShares Bitcoin Trust ETF ($377M)
ETHA iShares Ethereum Trust ETF ($113M)
FBTC Fidelity Wise Origin Bitcoin Fund ($31M)
BITO ProShares Bitcoin ETF ($23M)
BITB Bitwise Bitcoin ETF Trust ($10M)

Issuer League Table Update

iShares and Grayscale continue to dominate the Digital Asset ETF landscape, controlling 56.56% and 17.24% of the channel’s total market share, respectively. Grayscale successfully gathered the most net new money this week with $41 million in inflows, while iShares suffered the deepest losses, witnessing $490 million in outflows over the same period.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 2 $56.77B 56.56%
Grayscale 9 $17.31B 17.24%
Fidelity 3 $13.79B 13.74%
Bitwise 10 $4.23B 4.22%
21 Shares 7 $2.56B 2.55%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Grayscale $41M
VanEck $9M
WisdomTree $4M
Outflows
iShares ($490M)
Fidelity ($35M)
Bitwise ($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.