Crypto Recap: Ethereum Shines Amid Mixed Weekly ETF Performance

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Weekly Channel Summary

The Digital Asset channel currently encompasses 76 ETFs managed by 19 issuers, totaling $111B in Assets Under Management (AUM). Over the past week, the channel experienced robust positive activity, gathering $0.58B in net new money. While Year-to-Date flows remain negative at -$0.88B, the long-term view shows immense demand with $35.02B in 1-Year net flows.

This Week’s Performance Leaders and Laggards

This week, Ethereum led the pack with a solid 8.74% Week-to-Date (WTD) return, edging out Bitcoin’s 7.79% gain. Conversely, the Altcoin category lagged the broader digital asset space, returning 6.98% WTD. Notably, all major crypto categories remain deeply in the red Year-to-Date (YTD), with Altcoins suffering the sharpest decline at -26.60%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Ethereum 8.74% 9.47% -24.73% -41.26% -22.43% 45.74%
Bitcoin 7.79% 3.44% -15.27% -33.29% -13.00% -7.06%
Altcoin 6.98% -1.33% -34.71% -55.74% -26.60% -30.97%

Top & Bottom 5 ETFs by Weekly Performance

Looking at individual products, the TSUI (21Shares Sui ETF) was the best-performing fund this week, surging 11.59%. On the other end of the spectrum, trend-following strategies struggled to keep pace with spot price movements, leaving the BTRN (Global X Bitcoin Trend Strategy ETF) and AETH (Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF) as the worst performers, returning just 0.70% and 2.02% respectively.

Ticker Fund Name WTD Performance
Top Performers
TSUI 21Shares Sui ETF 11.59%
SUIS Canary Staked SUIS ETF 11.55%
GSUI Grayscale Sui Staking ETF 11.41%
ESK REX-Osprey ETH + Staking ETF 10.23%
VAVX VanEck Avalanche ETF 9.65%
Bottom Performers
BTRN Global X Bitcoin Trend Strategy ETF 0.70%
AETH Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF 2.02%
BTOP Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF 2.44%
ORO Arrow Valtoro ETF 2.73%
BITC Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF 2.84%

Analyzing the Weekly Flows

The Digital Asset channel attracted $577M in net inflows this week. The Bitcoin category captured the lion’s share, taking in $541M across its $95.21B asset base. Ethereum also saw positive momentum with $52M in net new money, while the Altcoin category experienced minor outflows, shedding -$13M.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Bitcoin 18 $95.21B $541M $977M -$176M -$332M $22,186M
Ethereum 13 $12.77B $52M $29M -$928M -$779M $9,332M
Altcoin 31 $2.38B -$13M $11M $258M $348M $3,698M

Top & Bottom 5 ETFs by 5-Day Flow

Among individual products, the IBIT (iShares Bitcoin Trust ETF) was the dominant force, pulling in a massive $471M over the 5-day period. Conversely, the FETH (Fidelity Ethereum Fund ETF) and GBTC (Grayscale Bitcoin Trust ETF) experienced the heaviest redemptions, bleeding -$69M and -$53M, respectively.

Ticker Fund Name 5-Day Flow
Inflows
IBIT iShares Bitcoin Trust ETF $471M
FBTC Fidelity Wise Origin Bitcoin Fund $81M
ETHA iShares Ethereum Trust ETF $68M
ETHB iShares Staked Ethereum Trust ETF $58M
ETH Grayscale Ethereum Staking Mini ETF $18M
Outflows
FETH Fidelity Ethereum Fund ETF -$69M
GBTC Grayscale Bitcoin Trust ETF -$53M
ETHE Grayscale Ethereum Staking ETF -$21M
BSOL Bitwise Solana Staking ETF -$14M
HODL VanEck Bitcoin ETF -$12M

Issuer League Table Update

iShares maintains a commanding lead in the digital asset space with a 57.58% market share, followed distantly by Grayscale at 17.03%. Unsurprisingly, iShares was also the top asset gatherer this week, pulling in $597M. On the flip side, Grayscale faced the strongest headwinds, suffering -$40M in net outflows.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 3 $64.05B 57.58%
Grayscale 10 $18.94B 17.03%
Fidelity 3 $14.84B 13.34%
Bitwise 10 $4.54B 4.08%
21 Shares 9 $2.75B 2.47%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
iShares $597M
Fidelity $12M
21 Shares $11M
Outflows
Grayscale -$40M
VanEck -$12M
REX-Osprey $0M

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.