Crypto ETF Recap: Bitcoin Pulls Ahead While Altcoin and Ethereum Funds Bleed Assets

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Weekly Channel Summary

The Digital Asset ETF channel continues to command massive scale, currently boasting a staggering $121.90B in total Assets Under Management (AUM) spread across 76 products from 20 unique issuers. Over the past week, the segment attracted $1.66B in net inflows. This robust short-term momentum aligns with longer-term trends, with Year-to-Date (YTD) flows sitting at $1.54B and an impressive $35.45B gathered over the past year.

This Week’s Performance Leaders and Laggards

The Bitcoin category emerged as the sole positive performer among digital assets this week with a modest Week-to-Date (WTD) return of 0.21%, despite remaining down -8.16% YTD. On the flip side, Ethereum lagged significantly, giving up -4.50% WTD and widening its YTD losses to -20.10%. The Altcoin space followed closely behind, shedding -3.23% WTD.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Bitcoin 0.21% 10.69% -9.88% -24.35% -8.16% -15.12%
Altcoin -3.23% 0.77% -26.19% -49.52% -24.33% -48.56%
Ethereum -4.50% 8.58% -19.17% -38.66% -20.10% 30.95%

Top & Bottom 5 ETFs by Weekly Performance

The VanEck Bitcoin ETF (HODL) edged out its peers to be the top-performing individual ETF this week with a 0.40% WTD return. On the losing end, niche staked altcoin funds were hit the hardest, with the Canary Staked SUIS ETF (SUIS) and the 21Shares Sui ETF (TSUI) both posting severe declines of -6.38%.

Top Performers
Ticker Fund Name WTD Performance
HODL VanEck Bitcoin ETF 0.40%
OBTC Osprey Bitcoin Trust 0.39%
IBIT iShares Bitcoin Trust ETF 0.39%
EZBC Franklin Bitcoin ETF 0.39%
BTCW WisdomTree Bitcoin Fund 0.39%
Bottom Performers
SUIS Canary Staked SUIS ETF -6.38%
TSUI 21Shares Sui ETF -6.38%
GSUI Grayscale Sui Staking ETF -6.21%
TDOT 21shares Polkadot ETF Shares of Beneficial Interest -6.05%
ESK REX-Osprey ETH + Staking ETF -5.39%

Analyzing the Weekly Flows

Capital flowed into the digital asset channel strongly this week, totaling an impressive $1.66B. The Bitcoin category captured the vast majority of this influx, gathering $1,365M to propel its AUM to $104.68B. Ethereum also secured substantial investor interest with $257M in net new money, while the Altcoin category trailed with a modest $53M gain.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Bitcoin 18 $104.68B $1,365M $1,947M $1,605M $1,497M $21,925M
Ethereum 13 $13.79B $257M $360M ($254M) ($308M) $9,914M
Altcoin 34 $2.51B $53M $113M $325M $488M $3,836M

Top & Bottom 5 ETFs by 5-Day Flow

The iShares Bitcoin Trust ETF (IBIT) commanded the market, securing a staggering $994M in inflows over the 5-day span. Outflows were more concentrated, with the Grayscale Bitcoin Trust ETF (GBTC) and the ProShares Bitcoin ETF (BITO) bleeding $55M and $52M, respectively.

Inflows
Ticker Fund Name 5-Day Flow
IBIT iShares Bitcoin Trust ETF $994M
FBTC Fidelity Wise Origin Bitcoin Fund $190M
ARKB ARK 21 Shares Bitcoin ETF $187M
ETHA iShares Ethereum Trust ETF $176M
FETH Fidelity Ethereum Fund ETF $69M
Outflows
GBTC Grayscale Bitcoin Trust ETF -$55M
BITO ProShares Bitcoin ETF -$52M
ETHE Grayscale Ethereum Staking ETF -$49M
BITW Bitwise 10 Crypto Index ETF -$12M
TETH 21 Shares Ethereum ETF -$6M

Issuer League Table Update

The issuer hierarchy remains concentrated at the top, with iShares controlling a massive 58.21% market share ($71.06B) and Grayscale retaining the #2 spot at 16.56% ($20.22B). Given its market dominance, iShares unsurprisingly gathered the most assets this week, bringing in $1,200M. Conversely, ProShares experienced the largest weekly outflows among issuers, shedding $54M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 3 $71.06B 58.21%
Grayscale 10 $20.22B 16.56%
Fidelity 3 $15.97B 13.08%
Bitwise 10 $4.98B 4.08%
21 Shares 9 $3.13B 2.57%

Top & Bottom 3 Issuers by 5-Day Flow

Inflows
Brand 5-Day Flow
iShares $1,200M
Fidelity $259M
21 Shares $181M
Outflows
ProShares -$54M
Grayscale -$9M
Arrow Funds $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.