Crypto Recap: A Tale of Two Tapes – Massive Inflows Meet Negative Returns

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Weekly Channel Summary

The Digital Asset ETF channel, comprising 39 ETFs from 16 issuers, currently holds a total of $199.21 billion in Assets Under Management (AUM). Over the past week, the channel saw significant net inflows of $5.36 billion. Year-to-date, net flows have reached a substantial $41.79 billion, contributing to a total of $61.52 billion in net new assets over the past year. This consistent growth highlights strong and sustained investor interest in the digital asset space.

This Week’s Performance Leaders and Laggards

It was a challenging week for the Digital Asset category, with all segments posting negative returns. The Bitcoin category proved to be the most resilient, declining by -4.92% week-to-date (WTD), while maintaining a positive year-to-date (YTD) return of 21.65%. The primary laggard was the Ethereum category, which experienced the steepest decline with a WTD return of -11.84%, although it still holds a respectable 17.63% gain YTD.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Bitcoin -4.92% 2.01% 1.62% 42.65% 21.65% 90.68%
Altcoin -11.05% -9.23% 15.49% 70.78% N/A N/A
Ethereum -11.84% -8.71% 38.13% 151.91% 17.63% 68.42%

Top & Bottom 5 ETFs by Weekly Performance

Despite the broader market downturn, the Fortuna Hedged Bitcoin Fund (HBTC) stood out as the top performer, limiting its weekly loss to just -3.71%. On the other end of the spectrum, the week’s most significant declines were seen in the Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF (AETH), which fell -15.91%, and the Volatility Shares Trust XRP ETF (XRPI), which dropped by -12.34%.

Top Performers
HBTC Fortuna Hedged Bitcoin Fund -3.71%
IBIT iShares Bitcoin Trust ETF -4.90%
EZBC Franklin Bitcoin ETF -4.90%
BTCW WisdomTree Bitcoin Fund -4.90%
BRRR Coinshares Bitcoin ETF -4.90%
Bottom Performers
ETHE Grayscale Ethereum Trust ETF -11.66%
EETH ProShares Ether ETF -11.97%
SOLZ Solana ETF -12.33%
XRPI Volatility Shares Trust XRP ETF -12.34%
AETH Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF -15.91%

Analyzing the Weekly Flows

The Digital Asset channel attracted a total of $5.36 billion in net inflows this week. The Bitcoin category was the clear leader, pulling in over $4.07 billion. This category, with a commanding AUM of $167.90 billion, continues to dominate investor interest. The Ethereum category also saw significant inflows, gathering $1.22 billion. In contrast, the Altcoin category experienced a smaller inflow, collecting $64 million over the week.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Bitcoin 16 $167.90B $4,076M $7,844M $13,106M $28,199M $44,759M
Ethereum 11 $30.05B $1,218M $2,476M $10,616M $12,489M $15,661M
Altcoin 5 $1.00B $64M $426M $838M $967M $967M

Top & Bottom 5 ETFs by 5-Day Flow

The iShares Bitcoin Trust ETF (IBIT) was the standout leader for inflows this week, attracting an impressive $3.55 billion. In contrast, outflows were relatively modest across the channel. The ProShares Bitcoin ETF (BITO) saw the largest redemption, with $63 million leaving the fund, followed by the Grayscale Bitcoin Trust ETF (GBTC), which experienced outflows of $7 million.

Inflows
IBIT iShares Bitcoin Trust ETF $3,554M
ETHA iShares Ethereum Trust ETF $1,063M
FBTC Fidelity Wise Origin Bitcoin Fund $272M
BITB Bitwise Bitcoin ETF Trust $109M
ARKB ARK 21Shares Bitcoin ETF $81M
Outflows
BITO ProShares Bitcoin ETF ($63M)
GBTC Grayscale Bitcoin Trust ETF ($7M)
QETH Invesco Galaxy Ethereum ETF ($2M)

Issuer League Table Update

The issuer landscape remains dominated by iShares and Grayscale, which command 57.75% and 17.56% of the market share, respectively. iShares also led the pack in asset gathering this week, with impressive inflows of $4.62 billion. Among the top issuers, ProShares experienced the largest outflows, shedding $55 million over the past five days.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 2 $115.04B 57.75%
Grayscale 4 $34.98B 17.56%
Fidelity 2 $28.40B 14.26%
Bitwise 5 $5.76B 2.89%
21 Shares 2 $5.52B 2.77%

Top & Bottom 3 Issuers by 5-Day Flow

Inflows
iShares $4,616M
Fidelity $273M
Bitwise $182M
Outflows
ProShares -$55M
Global X $0M
Fortuna $0M

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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.