Weekly Channel Summary
The Digital Asset ETF channel currently holds $174 billion in Assets Under Management across 38 ETFs from 16 different issuers. The channel experienced net outflows of $520 million over the past week. Despite the weekly downturn, year-to-date flows remain strongly positive at $34.53 billion, and the channel has attracted a substantial $55.21 billion over the past year.
This Week’s Performance Leaders and Laggards
It was a challenging week for the Digital Asset space, with all major categories finishing in the red. The Bitcoin category was the relative leader, posting a week-to-date loss of -5.06%, and it remains positive year-to-date with a 14.59% return. The primary laggard was the Digital Asset: Cryptocurrency – Altcoin category, which saw a significant drop of -12.85% for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Bitcoin | -5.06% | -1.88% | 0.79% | 23.04% | 14.59% | 64.32% |
| Multicoin | -6.85% | -5.65% | 17.53% | 42.38% | 12.95% | 49.63% |
| Ethereum | -9.26% | -12.31% | 61.84% | 96.57% | 20.11% | 52.88% |
| Digital Asset: Cryptocurrency – Altcoin | -12.85% | -3.31% | 29.94% | 36.45% | – | – |
Top & Bottom 5 ETFs by Weekly Performance
The best relative performer this week was the Fortuna Hedged Bitcoin Fund (HBTC), which managed to limit its losses to -3.96%. On the other end of the spectrum, the REX-Osprey SOL + Staking ETF (SSK) and the Solana ETF (SOLZ) were the worst performers, declining by -16.61% and -15.20% respectively.
| Top Performers | ||
| HBTC | Fortuna Hedged Bitcoin Fund | -3.96% |
| BTRN | Global X Bitcoin Trend Strategy ETF | -4.47% |
| HODL | VanEck Bitcoin ETF | -5.13% |
| IBIT | iShares Bitcoin Trust ETF | -5.14% |
| EZBC | Franklin Bitcoin ETF | -5.14% |
| Bottom Performers | ||
| SSK | REX-Osprey SOL + Staking ETF | -16.61% |
| SOLZ | Solana ETF | -15.20% |
| ETHV | VanEck Ethereum ETF | -9.64% |
| ETHA | iShares Ethereum Trust ETF | -9.63% |
| FETH | Fidelity Ethereum Fund ETF | -9.63% |
Analyzing the Weekly Flows
The Digital Asset channel saw net outflows of $597 million this week. The Digital Asset: Cryptocurrency – Altcoin category stood out, attracting the most significant inflows with $95 million. The Multicoin category also saw positive interest, bringing in $6 million. Conversely, the Ethereum category experienced the largest outflows, with nearly half a billion dollars ($499 million) leaving the space.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Digital Asset: Cryptocurrency – Altcoin | 3 | $0.73B | $95M | $284M | $704M | $749M | $749M |
| Multicoin | 6 | $0.23B | $6M | $17M | $23M | $129M | $125M |
| Bitcoin | 16 | $147.11B | ($199M) | $3,398M | $9,645M | $22,796M | $40,289M |
| Ethereum | 11 | $25.71B | ($499M) | $482M | $9,271M | $10,765M | $13,954M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Bitcoin Trust ETF (IBIT) was the top attractor of capital this week, bringing in $457 million in new assets. On the flip side, the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund ETF (FETH) saw the largest outflows, with investors pulling $437 million and $341 million, respectively.
| Inflows | ||
| IBIT | iShares Bitcoin Trust ETF | $457M |
| ETHA | iShares Ethereum Trust ETF | $103M |
| BITO | ProShares Bitcoin ETF | $63M |
| SSK | REX-Osprey SOL + Staking ETF | $63M |
| SOLZ | Solana ETF | $30M |
| Outflows | ||
| FBTC | Fidelity Wise Origin Bitcoin Fund | ($437M) |
| FETH | Fidelity Ethereum Fund ETF | ($341M) |
| ARKB | ARK 21 Shares Bitcoin ETF | ($105M) |
| GBTC | Grayscale Bitcoin Trust ETF | ($91M) |
| ETHW | Bitwise Ethereum ETF | ($85M) |
Issuer League Table Update
iShares and Grayscale continue to dominate the Digital Asset category, commanding 57.16% and 18.03% of the market share, respectively. iShares was also the top asset gatherer this week, with inflows of $560 million. Among the top issuers, Fidelity experienced the largest outflows, shedding $779 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 2 | $99.38B | 57.16% |
| Grayscale | 4 | $31.35B | 18.03% |
| Fidelity | 2 | $25.21B | 14.50% |
| Bitwise | 5 | $4.89B | 2.81% |
| 21Shares | 2 | $4.77B | 2.75% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| iShares | $560M |
| REX-Osprey | $142M |
| ProShares | $62M |
| Outflows | |
| Fidelity | ($779M) |
| Grayscale | ($235M) |
| Bitwise | ($154M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
