Crypto ETF Recap: $1.1B Exits Channel as Altcoins & Ethereum Tumble

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Weekly Channel Summary

The Digital Asset ETF channel includes 45 ETFs from 18 issuers, with a total AUM of $166B. The channel saw $1.31B in outflows over the past week. Year-to-date, the channel has gathered $38.90B in net new assets, contributing to a total of $53.0B in flows over the past year.

This Week’s Performance Leaders and Laggards

This week saw negative performance across the Digital Asset channel. The ‘Altcoin’ category was the primary laggard with a WTD return of -10.39%, followed closely by Ethereum at -10.07%. Bitcoin, the largest category, posted a -4.83% WTD loss. Despite the weekly downturn, Bitcoin remains positive YTD at 8.18%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Bitcoin -4.83% -14.07% -12.06% 5.79% 8.18% 31.71%
Ethereum -10.07% -22.29% -11.54% 86.55% 2.54% 19.58%
Altcoin -10.39% -24.55% -15.44% 3.71%

Top & Bottom 5 ETFs by Weekly Performance

The best-performing ETF this week was the Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF (AETH), which managed a slight gain of 0.06%. On the other end, the REX-Osprey SOL + Staking ETF (SSK) was the worst performer with a -13.86% return, followed by the Solana ETF (SOLZ) at -13.64%.

Ticker Fund Name WTD Performance
Top Performers
AETH Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF 0.06%
BTOP Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF 0.05%
BITC Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF 0.05%
BTRN Global X Bitcoin Trend Strategy ETF -1.37%
ORO Arrow Valtoro ETF -2.82%
Bottom Performers
SSK REX-Osprey SOL + Staking ETF -13.86%
SOLZ Solana ETF -13.64%
GSOL Grayscale Solana Trust ETF -13.22%
ESK REX-Osprey ETH + Staking ETF -12.45%
FETH Fidelity Ethereum Fund ETF -11.23%

Analyzing the Weekly Flows

The Digital Asset channel experienced significant outflows this week, totaling -$1.31B. The ‘Bitcoin’ category, which holds $141.55B in AUM, saw the largest outflows at -$738M. The ‘Ethereum’ category also saw heavy outflows of -$528M, while the ‘Altcoin’ category shed -$48M.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Altcoin 6 $0.88B -$48M $48M $658M $1,012M $1,012M
Ethereum 12 $22.82B -$528M -$673M $4,815M $11,326M $14,438M
Bitcoin 17 $141.55B -$738M -$525M $7,427M $26,402M $37,428M

Top & Bottom 5 ETFs by 5-Day Flow

The ProShares Bitcoin ETF (BITO) was the top ETF for inflows, gathering $114M. In contrast, significant outflows were seen from the iShares Bitcoin Trust ETF (IBIT), which lost -$599M, and the iShares Ethereum Trust ETF (ETHA), which saw -$370M in outflows.

Ticker Fund Name 5-Day Flow
Inflows
BITO ProShares Bitcoin ETF $114M
EETH ProShares Ether ETF $32M
BTC Grayscale Bitcoin Mini Trust ETF $22M
XRPR REX-Osprey XRP ETF $10M
GSOL Grayscale Solana Trust ETF $9M
Outflows
IBIT iShares Bitcoin Trust ETF -$599M
ETHA iShares Ethereum Trust ETF -$370M
FBTC Fidelity Wise Origin Bitcoin Fund -$194M
FETH Fidelity Ethereum Fund ETF -$64M
ETH Grayscale Ethereum Mini Trust ETF -$62M

Issuer League Table Update

The top two issuers by market share remain iShares (58.00%) and Grayscale (17.37%). Bitwise gathered the most in weekly inflows with $148M. Among the top issuers, iShares saw the largest outflows at -$969M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 2 $96.29B 58.00%
Grayscale 5 $28.84B 17.37%
Fidelity 2 $23.60B 14.21%
Bitwise 6 $4.99B 3.01%
21 Shares 2 $4.31B 2.59%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Bitwise $148M
ProShares $146M
Invesco $2M
Outflows
iShares -$969M
Fidelity -$257M
Grayscale -$125M

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.