Crypto Industry ETFs Topped Last Week’s Gainers

Big S&P 500 ETFs VOO and SPY were tops in inflows and outflows, respectively.

RonDay
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Managing Editor
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Reviewed by: etf.com Staff
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Edited by: James Rubin

Crypto mining and other digital currency industry exchange-traded funds led last week’s ETF price gains, while the Vanguard 500 Index Fund (VOO) grabbed the biggest share of inflows and the SPDR S&P 500 ETF Trust (SPY) experienced the most outflows.

Investors jumped into digital currency ETFs as bitcoin surged, jumping about 17% over the past week. The $81.2 million Valkyrie Bitcoin Miners ETF (WGMI) soared 24%, and was the week’s top performer, according to etf.com data. It was followed by a 21% gain in the $31.5 million First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), and the VanEck Digital Transformation ETF (DAPP), which has $77.8 million under management and rose 18%. 

Bitcoin’s price gain has stoked enthusiasm for spot bitcoin ETFs, which after their first month of trading are approaching $10 billion in inflows, excluding the Grayscale Bitcoin Trust (GBTC) which was a conversion of an existing trust into an ETF. 

VOO Leads Inflows, SPY Tops Money Flowing Out 

VOO grabbed the biggest share of investor money going into ETFs last week, hauling in $1.66 billion which boosted its assets 0.4% to $403.3 billion. It was followed by the iShares Core S&P 500 ETF (IVV) which added 0.2%, or $917.2 million, or $433.1 billion. 

SPY, the biggest exchange-traded fund, lost 1.6% of its assets, shedding $8 billion and slimming down to $487.7 billion. The second-biggest loser was the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which lost 3.9% of its assets, or $1.3 billion, and whose assets now are $33.5 billion. 

Among the biggest gainers on a percentage basis was the iShares Bitcoin Trust (IBIT), which pulled in $548.7 billion, a 15% jump in assets which hit $3.75 billion at week’s end. 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF23.67%1,532,39481.16
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF20.60%254,58031.49
DAPPVanEck Digital Transformation ETF17.98%927,83277.81
FDIGFidelity Crypto Industry and Digital Payments ETF16.10%196,80576.66
ASHSXtrackers Harvest CSI 500 China-A Shares Small Cap ETF15.57%86,96320.51
IBLCiShares Blockchain and Tech ETF14.78%79,22218.91
BITQBitwise Crypto Industry Innovators ETF14.63%564,489119.62
SATOInvesco Alerian Galaxy Crypto Economy ETF14.39%51,5887.85
BITSGlobal X Blockchain and Bitcoin Strategy ETF13.30%33,34917.62
GFOFGrayscale Future of Finance ETF11.10%19,9585.82



 

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

Ron Day is Managing Editor at etf.com. He joined the company in October 2022 and previously served as editor and deputy managing editor.

Ron covered business and financial news at Bloomberg News for 20 years, working on the breaking news, technology, commodities, headlines and First Word teams. He was previously senior editor at ESG news outlet Karma Impact and filled the same role at Boundless Impact. He also covered a variety of beats at New Jersey daily papers including the Daily Record in Parsippany, the North Jersey Herald & News and the Asbury Park Press. Ron's freelance work has been published in AARP.com, Investopedia.com and BigThink.com.

Ron is an advocate and fan of literacy. He hopes to one day master his Telecaster, rather than the other way around. His wonderful family includes a 10-lb. malti-poo named Emmy.