Major Spot Products Shed Assets in a Tough Week for Digital Asset ETFs

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Weekly Channel Summary

The Crypto ETF channel currently stands at a robust $127.19B in Total Assets Under Management (AUM), distributed across 79 ETFs and managed by 21 distinct issuers. Over the past five days, the broader channel experienced a contraction, with a 5-Day Flow of -$943M. Despite the recent weekly pullback, the year-to-date and long-term outlook remains heavily positive. The channel boasts a YTD Flow of +$1,788M and an impressive 1-Year Flow of +$31,716M, reflecting sustained structural demand.

This Week’s Performance Leaders and Laggards

Performance across the digital asset space was universally negative this week, though the Altcoin category demonstrated the most resilience, dropping only -0.53% WTD. Conversely, Ethereum was the primary laggard, falling -3.82% WTD. Both categories remain heavily in the red on a YTD basis, with Altcoin down -21.40% and Ethereum down -23.64%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Altcoin -0.53% +6.57% +6.61% -36.86% -21.40% -52.15%
Bitcoin -1.31% +4.85% +12.48% -12.44% -6.62% -21.28%
Ethereum -3.82% -6.57% +7.16% -28.21% -23.64% -12.75%

Top & Bottom 5 ETFs by Weekly Performance

The single best-performing ETF for the week was the Canary Staked SUIS ETF (SUIS), surging +7.58%. On the other end of the spectrum, the Volatility Shares Stellar ETF (STLR) and the 21shares Polkadot ETF Shares of Beneficial Interest (TDOT) suffered the most significant WTD drops, falling -6.18% and -4.48%, respectively.

Ticker Fund Name WTD Performance
Top Performers
SUIS Canary Staked SUIS ETF +7.58%
GSUI Grayscale Sui Staking ETF +7.56%
TSUI 21Shares Sui ETF +7.26%
DOJE REX-Osprey DOGE ETF +4.49%
BWOW Bitwise Dogecoin ETF +3.88%
Bottom Performers
STLR Volatility Shares Stellar ETF -6.18%
TDOT 21shares Polkadot ETF Shares of Beneficial Interest -4.48%
CRDD Volatility Shares Cardano ETF -4.40%
ETHE Grayscale Ethereum Staking ETF -4.10%
QETH Invesco Galaxy Ethereum ETF -4.05%

Analyzing the Weekly Flows

Overall, the Crypto ETF channel saw net outflows of -$943M this week. However, the Altcoin category continued to attract fresh capital, pacing the field with +$113M in net new inflows relative to its $2.95B AUM. Unsurprisingly given its massive scale, Bitcoin accounted for the largest outflows at -$873M.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Altcoin 35 $2.95B +$113M +$323M +$507M +$709M +$4,049M
Ethereum 13 $13.53B -$186M +$165M +$264M -$487M +$9,441M
Bitcoin 19 $109.74B -$873M +$1,627M +$4,057M +$1,692M +$18,432M

Top & Bottom 5 ETFs by 5-Day Flow

Zooming into individual products, the Bitwise Solana Staking ETF (BSOL) claimed the top spot for inflows, taking in +$48M. On the outflow side, major legacy spot products led the slide, notably the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21 Shares Bitcoin ETF (ARKB), bleeding -$317M and -$298M respectively.

Ticker Fund Name 5-Day Flow
Inflows
BSOL Bitwise Solana Staking ETF +$48M
MSBT Morgan Stanley Bitcoin Trust ETF +$45M
XRPZ Franklin XRP ETF +$20M
XRP Bitwise XRP ETF +$19M
BTC Grayscale Bitcoin Mini Trust ETF +$13M
Outflows
FBTC Fidelity Wise Origin Bitcoin Fund -$317M
ARKB ARK 21 Shares Bitcoin ETF -$298M
IBIT iShares Bitcoin Trust ETF -$208M
ETHA iShares Ethereum Trust ETF -$134M
GBTC Grayscale Bitcoin Trust ETF -$49M

Issuer League Table Update

In the issuer landscape, iShares continues to hold the dominant position, securing a staggering 58.64% of total AUM. Grayscale remains in second position with a 16.36% market share. Looking at the weekly flow battle, Morgan Stanley managed to gather the most net new assets, bringing in +$45M. At the bottom of the league table for flows, Fidelity suffered the heaviest redemption pressure, giving back -$366M over the past 5 days.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 3 $74.59B 58.64%
Grayscale 10 $20.80B 16.36%
Fidelity 3 $16.39B 12.88%
Bitwise 11 $5.33B 4.19%
21 Shares 10 $3.11B 2.45%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Morgan Stanley +$45M
Bitwise +$32M
VanEck +$13M
Outflows
Fidelity -$366M
iShares -$333M
21 Shares -$296M

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.