Weekly Channel Summary
The Digital Asset ETF landscape currently comprises 19 brands managing 66 ETFs with a total of $133B in Assets Under Management (AUM). It was a challenging week for the channel, which saw total net outflows of ($0.93B) over the past five days. This downward trend in sentiment is reflected in the Year-To-Date (YTD) figures, which now stand at ($0.99B) in net flows. Despite the recent pullbacks, the channel maintains a robust long-term growth profile, having attracted $30.86B in net new money over the past year.
This Week’s Performance Leaders and Laggards
Performance across the board was negative this week, as major cryptocurrency categories faced significant headwinds. Ethereum ETFs held up relatively better than their peers, declining -4.48% WTD. The Altcoin category was the primary laggard, suffering a steep -7.06% loss for the week. On a YTD basis, all categories remain in negative territory, with Ethereum and Bitcoin down -5.54% and -2.97% respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Ethereum | -4.48% | -4.38% | -27.28% | -26.52% | -5.54% | -9.80% |
| Bitcoin | -4.82% | -2.77% | -20.08% | -27.26% | -2.97% | -18.43% |
| Altcoin | -7.06% | -5.20% | -38.02% | -40.59% | -4.18% | — |
Top & Bottom 5 ETFs by Weekly Performance
The ORO (Arrow Valtoro ETF) stood out as the top performer this week with a gain of 3.59%. Conversely, the HBR (Canary HBAR ETF) and TSOL (21Shares Solana ETF) were the primary laggards, dropping -8.49% and -8.30% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ORO | Arrow Valtoro ETF | 3.59% |
| BTOP | Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF | 0.03% |
| BITC | Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF | 0.03% |
| AETH | Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF | 0.03% |
| BTRN | Global X Bitcoin Trend Strategy ETF | -0.18% |
| Bottom Performers | ||
| HBR | Canary HBAR ETF | -8.49% |
| TSOL | 21Shares Solana ETF | -8.30% |
| SOEZ | Franklin Solana ETF | -8.24% |
| SOLC | Canary Marinade Solana ETF | -8.23% |
| VSOL | VanEck Solana ETF | -8.23% |
Analyzing the Weekly Flows
The channel experienced significant selling pressure this week, totaling ($939M) in net outflows. While all major categories recorded negative flows, Ethereum was the most resilient with outflows of ($34M). Altcoins saw ($59M) leave the space. The Bitcoin category remains the largest by far with $111.64B in AUM, but it also bore the brunt of the week’s redemptions, losing ($841M) in five days.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Ethereum | 12 | $17.10B | ($34M) | ($19M) | ($2,336M) | ($88M) | $9,697M |
| Altcoin | 23 | $2.77B | ($59M) | $203M | $2,025M | $101M | $3,457M |
| Bitcoin | 18 | $111.64B | ($841M) | ($564M) | ($5,462M) | ($949M) | $17,744M |
Top & Bottom 5 ETFs by 5-Day Flow
In a sea of outflows, the FETH (Fidelity Ethereum Fund ETF) bucked the trend, leading all funds with $142M in weekly inflows. On the downside, IBIT (iShares Bitcoin Trust ETF) and ETHA (iShares Ethereum Trust ETF) saw the heaviest selling, with outflows of ($520M) and ($151M) respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FETH | Fidelity Ethereum Fund ETF | $142M |
| BITO | ProShares Bitcoin ETF | $70M |
| EETH | ProShares Ether ETF | $22M |
| XRP | Bitwise XRP ETF | $18M |
| XRPZ | Franklin XRP ETF | $7M |
| Outflows | ||
| IBIT | iShares Bitcoin Trust ETF | ($520M) |
| ETHA | iShares Ethereum Trust ETF | ($151M) |
| GBTC | Grayscale Bitcoin Trust ETF | ($119M) |
| BITB | Bitwise Bitcoin ETF Trust | ($112M) |
| GXRP | Grayscale XRP Trust ETF | ($96M) |
Issuer League Table Update
BlackRock (iShares) continues to dominate the landscape with a 56.07% market share, followed by Grayscale at 16.90%. Fidelity remains a major player in third with $19.65B in AUM. Despite iShares’ market lead, they saw the largest weekly outflows of ($672M). Fidelity, however, emerged as the weekly flow leader, attracting $110M across its suite of digital asset products.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 2 | $74.38B | 56.07% |
| Grayscale | 8 | $22.41B | 16.90% |
| Fidelity | 3 | $19.65B | 14.81% |
| Bitwise | 10 | $5.43B | 4.09% |
| 21 Shares | 7 | $3.26B | 2.46% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Fidelity | $110M |
| ProShares | $92M |
| Franklin | $8M |
| Outflows | |
| iShares | ($672M) |
| Grayscale | ($293M) |
| Bitwise | ($92M) |
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.
