Weekly Channel Summary
The Digital Asset ETF channel currently manages approximately $99 billion in assets across 67 products from 19 different issuers. It was a challenging week for the space, as the channel experienced a total net outflow of $176 million over the past five days. This contributes to a year-to-date (YTD) net outflow of $2.97 billion, contrasting sharply with the robust $27.69 billion gathered over the past year. Despite the recent cooling of sentiment, the industry continues to innovate, with 18 new ETF launches in the past three months alone.
This Week’s Performance Leaders and Laggards
Performance across the crypto landscape remained under pressure this week, with every major category posting negative returns. Ethereum was the best relative performer, declining only 0.34% week-to-date (WTD). Conversely, the Altcoin category lagged significantly, dropping 2.11% for the week. On a YTD basis, all segments remain deeply in negative territory, with Ethereum and Altcoin categories both down more than 25% for the year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Ethereum | -0.34% | -33.44% | -33.49% | -55.19% | -28.66% | -20.67% |
| Bitcoin | -1.72% | -22.43% | -24.24% | -40.28% | -16.96% | -25.86% |
| Altcoin | -2.11% | -36.15% | -40.60% | -59.05% | -25.72% | -58.91% |
Top & Bottom 5 ETFs by Weekly Performance
The single best performer this week was the Canary HBAR ETF (HBR), which bucked the broader trend with a gain of 5.64%. On the losing side, the REX-Osprey XRP ETF (XRPR) and the REX-Osprey DOGE ETF (DOJE) suffered the heaviest losses, falling 4.44% and 3.78% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| HBR | Canary HBAR ETF | 5.64% |
| ESK | REX-Osprey ETH + Staking ETF | 1.62% |
| ORO | Arrow Valtoro ETF | 0.69% |
| LTCC | Canary Litecoin ETF | 0.29% |
| BITC | Bitwise Trendwise Bitcoin & Treasuries Rotation | 0.06% |
| Bottom Performers | ||
| XRPR | REX-Osprey XRP ETF | -4.44% |
| DOJE | REX-Osprey DOGE ETF | -3.78% |
| TSOL | 21Shares Solana ETF | -3.27% |
| TXBC | 21Shares FTSE Crypto 10 ex-BTC Index ETF | -3.18% |
| TOXR | 21Shares XRP ETF Beneficial INT SH | -2.99% |
Analyzing the Weekly Flows
The channel recorded a net outflow of $176 million this week. The Altcoin category was the sole area of growth, attracting $22 million in net inflows to reach a total AUM of $2.14 billion. Meanwhile, the Ethereum category faced the most significant pressure, witnessing $191 million in capital withdrawals, while the Bitcoin category remained relatively stable with a modest $9 million outflow.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Altcoin | 26 | $2.14B | $22M | $75M | $1,879M | $201M | $3,557M |
| Bitcoin | 18 | $84.86B | -$9M | -$2,076M | -$5,434M | -$2,365M | $15,607M |
| Ethereum | 12 | $11.03B | -$191M | -$819M | -$1,907M | -$751M | $8,568M |
Top & Bottom 5 ETFs by 5-Day Flow
The Grayscale Bitcoin Mini Trust ETF (BTC) led the channel with $123 million in new inflows this week. Conversely, the iShares Ethereum Trust ETF (ETHA) and the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced the largest outflows, losing $149 million and $112 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BTC | Grayscale Bitcoin Mini Trust ETF | $123M |
| ETH | Grayscale Ethereum Staking Mini ETF | $42M |
| ARKB | ARK 21 Shares Bitcoin ETF | $24M |
| HODL | VanEck Bitcoin ETF | $18M |
| BTCW | Wisdom Tree Bitcoin Fund | $10M |
| Outflows | ||
| ETHA | iShares Ethereum Trust ETF | -$149M |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$112M |
| GBTC | Grayscale Bitcoin Trust ETF | -$77M |
| FETH | Fidelity Ethereum Fund ETF | -$38M |
| ETHE | Grayscale Ethereum Staking ETF | -$25M |
Issuer League Table Update
iShares and Grayscale remain the dominant forces in the digital asset space, commanding 56.71% and 17.01% of the total market share, respectively. In terms of recent activity, Grayscale bucked the broader trend to gather $59 million in weekly inflows, while Fidelity saw the largest weekly outflow among top issuers at $150 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 2 | $56.09B | 56.71% |
| Grayscale | 8 | $16.82B | 17.01% |
| Fidelity | 3 | $13.67B | 13.83% |
| Bitwise | 10 | $4.15B | 4.20% |
| 21 Shares | 7 | $2.51B | 2.54% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Grayscale | $59M |
| VanEck | $21M |
| 21 Shares | $21M |
| Outflows | |
| Fidelity | -$150M |
| iShares | -$143M |
| Bitwise | -$13M |
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.
