Bitwise Gains Ground Amidst Heavy Crypto Selling Pressure

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Weekly Channel Summary

The Digital Asset ETF channel faced a challenging week as of February 6, 2026, with total Assets Under Management (AUM) settling at $96.44 billion across 66 ETFs and 19 issuers. The channel experienced significant selling pressure, recording total weekly net outflows of $1.65 billion. This brought the Year-to-Date (YTD) flow into negative territory at -$2.80 billion, a sharp contrast to the robust $27.41 billion in net inflows gathered over the past year.

This Week’s Performance Leaders and Laggards

It was a sea of red across the cryptocurrency landscape this week, with every major category posting steep losses. Bitcoin ETFs were the “best” of the laggards, falling -12.59% on a Week-to-Date (WTD) basis. The primary lagging category was Ethereum, which plummeted -21.59%. On a YTD basis, the Altcoin category continues to struggle the most among the groups, down -24.03%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Bitcoin -12.59% -19.59% -24.52% -35.72% -15.58% -24.84%
Altcoin -19.98% -35.57% -40.36% -52.08% -24.03%
Ethereum -21.59% -34.08% -35.37% -42.76% -28.43% -21.78%

Top & Bottom 5 ETFs by Weekly Performance

Against the broader market trend, the Arrow Valtoro ETF (ORO) was the week’s standout performer, gaining 2.56%. Conversely, Solana-focused products suffered the most, with the Solana ETF (SOLZ) and 21Shares Solana ETF (TSOL) both dropping more than -25% in just five days.

Ticker Fund Name WTD Performance
Top Performers
ORO Arrow Valtoro ETF 2.56%
BTRN Global X Bitcoin Trend Strategy ETF 0.07%
BTOP Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF 0.05%
BITC Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF 0.05%
AETH Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF 0.05%
Bottom Performers
SOLZ Solana ETF -26.02%
TSOL 21Shares Solana ETF -25.74%
VSOL VanEck Solana ETF -25.71%
SOEZ Franklin Solana ETF -25.69%
SOLC Canary Marinade Solana ETF -25.69%

Analyzing the Weekly Flows

Total net outflows for the channel reached $1,650 million this week. Amidst the broad liquidations, the Altcoin category was the sole recipient of positive sentiment, gathering $41 million in net inflows, bringing its total AUM to $1.99 billion. Conversely, Bitcoin ETFs saw the heaviest selling pressure, with a massive $1,277 million exiting the category over the last five days.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Altcoin 24 $1.99B $41M $85M $1,933M $177M $3,533M
Ethereum 12 $10.97B ($413M) ($847M) ($2,045M) ($560M) $8,716M
Bitcoin 18 $82.65B ($1,277M) ($3,226M) ($5,442M) ($2,356M) $15,209M

Top & Bottom 5 ETFs by 5-Day Flow

The Bitwise Bitcoin ETF Trust (BITB) bucked the trend for Bitcoin products, leading the channel with $57 million in weekly inflows. On the opposite side, the iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA) faced the largest liquidations, seeing outflows of $875 million and $264 million, respectively.

Ticker Fund Name 5-Day Flow
Inflows
BITB Bitwise Bitcoin ETF Trust $57M
ETH Grayscale Ethereum Staking Mini ETF $26M
XRPZ Franklin XRP ETF $18M
HODL VanEck Bitcoin ETF $17M
XRP Bitwise XRP ETF $16M
Outflows
IBIT iShares Bitcoin Trust ETF ($875M)
ETHA iShares Ethereum Trust ETF ($264M)
FBTC Fidelity Wise Origin Bitcoin Fund ($184M)
GBTC Grayscale Bitcoin Trust ETF ($174M)
FETH Fidelity Ethereum Fund ETF ($160M)

Issuer League Table Update

iShares remains the dominant force in the digital asset space with 56.88% market share, followed by Grayscale at 16.93%. In terms of weekly flow activity, Bitwise led all issuers by gathering $71 million in net inflows. In contrast, iShares saw the largest outflows among top issuers, losing $1,139 million over the period.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 2 $54.85B 56.88%
Grayscale 8 $16.33B 16.93%
Fidelity 3 $13.44B 13.94%
Bitwise 10 $4.06B 4.21%
21 Shares 7 $2.42B 2.51%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Bitwise $71M
VanEck $21M
Invesco $18M
Outflows
iShares ($1,139M)
Fidelity ($344M)
Grayscale ($172M)

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.