Digital Assets Rally: Solana Steals the Show with 17.6% Weekly Gain

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Weekly Channel Summary

The Digital Asset channel, comprising 37 ETFs from 16 different issuers, currently holds a total of $181.78 billion in Assets Under Management (AUM). The channel saw net inflows of $288 million over the past week, contributing to a year-to-date (YTD) total inflow of $31.86 billion. Over the past year, the channel has attracted a significant $53.32 billion in new assets, reflecting sustained investor interest in the digital asset space.

This Week’s Performance Leaders and Laggards

This week was marked by strong gains across the board, with the Solana category leading the charge with an impressive 17.58% week-to-date (WTD) return. Ethereum-focused ETFs also performed well, posting a collective gain of 6.18% WTD and maintaining a strong 36.54% YTD return. While still positive, the Bitcoin category was the primary laggard among the groups, with a more modest, by comparison, 4.10% return for the week.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Solana 17.58% 25.16% 49.49%
Ethereum 6.18% 1.53% 66.53% 137.11% 36.54% 94.93%
Multicoin 5.68% -0.53% 25.92% 62.75% 25.69% 85.13%
Bitcoin 4.10% -3.03% 7.26% 36.43% 21.77% 93.39%

Top & Bottom 5 ETFs by Weekly Performance

The week’s best individual performer was the REX-Osprey SOL + Staking ETF (SSK), which surged by 17.64%. On the other end of the spectrum, futures-based strategies lagged, with the ARK 21 Shares Active Ethereum Futures Strategy ETF (ARKZ) declining by 1.00% and the ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) dipping by 0.20%.

Top Performers
SSK REX-Osprey SOL + Staking ETF 17.64%
SOLZ Solana ETF 17.52%
EETH ProShares Ether ETF 7.97%
ETH Grayscale Ethereum Mini Trust ETF 7.75%
ETHE Grayscale Ethereum Trust ETF 7.68%
Bottom Performers
BITC Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF 2.92%
BTRN Global X Bitcoin Trend Strategy ETF 1.97%
AETH Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF 0.06%
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF -0.20%
ARKZ ARK 21 Shares Active Ethereum Futures Strategy ETF -1.00%

Analyzing the Weekly Flows

The Digital Asset channel recorded a net inflow of $288 million this week. The Bitcoin category was the primary driver, attracting $758 million in new assets to its substantial $152.45 billion AUM base. Solana also saw positive interest, with $19 million in inflows. In contrast, the Ethereum category experienced the largest outflows, with investors withdrawing a net $494 million.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Bitcoin 17 $152.45B $758M $1,486M $11,151M $21,137M $39,437M
Solana 2 $0.45B $19M $140M $346M $366M $366M
Multicoin 6 $0.24B $5M $11M $22M $119M $115M
Ethereum 12 $28.64B ($494M) $3,031M $9,368M $10,233M $13,402M

Top & Bottom 5 ETFs by 5-Day Flow

The iShares Bitcoin Trust ETF (IBIT) led all funds, pulling in $478 million in new money. On the outflows side, Ethereum funds saw the largest withdrawals, with the iShares Ethereum Trust ETF (ETHA) shedding $235 million and the Fidelity Ethereum Fund ETF (FETH) losing $130 million.

Inflows
IBIT iShares Bitcoin Trust ETF $478M
FBTC Fidelity Wise Origin Bitcoin Fund $282M
ARKB ARK 21 Shares Bitcoin ETF $37M
BTC Grayscale Bitcoin Mini Trust ETF $25M
BRRR Coinshares Bitcoin ETF $15M
Outflows
ETHA iShares Ethereum Trust ETF ($235M)
FETH Fidelity Ethereum Fund ETF ($130M)
ETHE Grayscale Ethereum Trust ETF ($60M)
GBTC Grayscale Bitcoin Trust ETF ($56M)
BITB Bitwise Bitcoin ETF Trust ($47M)

Issuer League Table Update

iShares continues to dominate the Digital Asset channel, holding 56.62% of the market share, followed by Grayscale at 18.48%. This week, iShares also led in asset gathering with $242 million in inflows. Among the top issuers, Grayscale experienced the largest outflows, seeing a net withdrawal of $112 million from its products.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 2 $102.92B 56.62%
Grayscale 4 $33.58B 18.48%
Fidelity 2 $26.78B 14.73%
Bitwise 5 $5.27B 2.90%
21 Shares 4 $5.07B 2.79%

Top & Bottom 3 Issuers by 5-Day Flow

Inflows
iShares $242M
Fidelity $152M
21 Shares $30M
Outflows
Grayscale -$112M
Bitwise -$84M
ProShares -$1M

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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.