Crypto Recap: 21Shares has a great week as Crypto ETFs Pull $1.6B in Net New Money

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Weekly Channel Summary

The Digital Asset ETF channel remains highly active, currently representing 78 ETFs across 21 issuers with a total Assets Under Management (AUM) of $127B. The space experienced another strong week of asset gathering, pulling in $1.61B in net new money. Year-to-date (YTD) flows now stand at $2.71B, contributing to an impressive $33.36B in net inflows over the past 12 months.

This Week’s Performance Leaders and Laggards

Altcoin was the standout performing category this week, climbing 6.70% Week-to-Date (WTD), although it remains heavily pressured on the year and is the worst-performing tracked category YTD at -21.07%. Multicoin posted a respectable 3.20% WTD rebound, outpacing Bitcoin’s solid 2.05% gain for the week. On the downside, Ethereum struggled to gain momentum, adding a mere 0.15% WTD and sitting at -20.85% YTD.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Altcoin 6.70% 9.93% 5.00% -42.23% -21.07% -47.58%
Multicoin 3.20% 9.77% 10.21% -26.37% -12.92% -13.52%
Bitcoin 2.05% 11.32% 12.08% -17.35% -5.59% -19.14%
Ethereum 0.15% 4.20% 11.10% -31.14% -20.85% 9.21%

Top & Bottom 5 ETFs by Weekly Performance

Looking at individual funds, DIME (CoinShares Altcoins ETF) commanded the top spot, surging an impressive 15.51% for the week. Conversely, AETH (Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF) and DOJE (REX-Osprey DOGE ETF) were the notable laggards, slipping -2.42% and -1.36% respectively.

Ticker Fund Name WTD Performance
Top Performers
DIME CoinShares Altcoins ETF 15.51%
TDOT 21shares Polkadot ETF Shares of Beneficial Interest 13.30%
CHNL VolatilityShares Chainlink ETF 13.22%
CLNK Bitwise Chainlink ETF Beneficial Interest 12.81%
GSUI Grayscale Sui Staking ETF 10.85%
Bottom Performers
AETH Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF -2.42%
DOJE REX-Osprey DOGE ETF -1.36%
ESK REX-Osprey ETH + Staking ETF -0.80%
BWOW Bitwise Dogecoin ETF -0.20%
TDOG 21Shares Dogecoin ETF -0.20%

Analyzing the Weekly Flows

The channel gathered $1.61B in total net inflows this week, heavily anchored by Bitcoin. The largest cryptocurrency gathered an immense $1,369M in new money, pushing its category AUM to $109.24B. Ethereum also logged a robust week, attracting $167M in new capital. Altcoin ended the week with a modest $70M in inflows, while Multicoin ETFs completely missed the wave, seeing flat ($0M) net flows for the period.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Bitcoin 19 $109.24B $1,369M $3,115M $4,921M $2,565M $19,965M
Ethereum 13 $13.77B $167M $544M $260M -$301M $9,686M
Altcoin 34 $2.71B $70M $221M $395M $574M $3,919M
Multicoin 11 $0.95B $0M -$15M -$76M -$136M -$217M

Top & Bottom 5 ETFs by 5-Day Flow

IBIT (iShares Bitcoin Trust ETF) towered above the rest, pulling in an incredible $908M in absolute flows over the week. At the other end of the spectrum, GBTC (Grayscale Bitcoin Trust ETF) and BITO (ProShares Bitcoin ETF) faced the greatest investor redemptions, losing -$62M and -$30M respectively.

Ticker Fund Name 5-Day Flow
Inflows
IBIT iShares Bitcoin Trust ETF $908M
FBTC Fidelity Wise Origin Bitcoin Fund $363M
ARKB ARK 21 Shares Bitcoin ETF $168M
ETHA iShares Ethereum Trust ETF $143M
BSOL Bitwise Solana Staking ETF $30M
Outflows
GBTC Grayscale Bitcoin Trust ETF -$62M
BITO ProShares Bitcoin ETF -$30M
BTCO Invesco Galaxy Bitcoin ETF -$10M
BRRR Coinshares Bitcoin ETF -$9M
ETHE Grayscale Ethereum Staking ETF -$8M

Issuer League Table Update

iShares maintains its firm grip on the market, controlling 58.20% of the channel’s AUM, distantly trailed by Grayscale at 16.22%. Aligning with their market positions, iShares brought in the largest haul of weekly inflows ($1,060M), while Grayscale saw the sharpest week of outflows among top issuers, losing -$49M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 3 $73.73B 58.20%
Grayscale 10 $20.55B 16.22%
Fidelity 3 $17.06B 13.47%
Bitwise 10 $5.13B 4.05%
21 Shares 9 $3.34B 2.63%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
iShares $1,060M
Fidelity $380M
21 Shares $168M
Outflows
Grayscale -$49M
ProShares -$30M
Invesco -$10M

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.