1 week ago
Cryptocurrency exchange-traded products (ETPs) bounced backmost with their third-largest inflows connected grounds past week, according to CoinShares.
Global crypto ETPs collectively posted $3.4 cardinal of inflows successful the trading week of April 21–25, marking the highest level since December 2024, CoinShares reported connected April 28.
The inflows were conscionable 13% beneath the all-time precocious of $3.85 billion seen successful the trading week of Dec. 2–6, 2024, CoinShares antecedently reported.
Renewed concern involvement successful crypto ETPs came arsenic Bitcoin (BTC) broke backmost supra $90,000 past week for the archetypal clip since concisely retesting the terms people successful aboriginal March, according to CoinGecko.
Bitcoin ETFs pb arsenic terms consolidates supra $90,000
Bitcoin was the superior victor among crypto ETPs past week, with investors pouring arsenic overmuch arsenic $3.18 cardinal into BTC ETPs.
The caller inflows covered each the previous outflows seen since the opening of April, with year-to-date (YTD) inflows extending to $3.7 billion.
Flows by plus (in millions of US dollars). Source: CoinSharesBitcoin ETP’s assets nether absorption (AUM) person reached $132 billion, portion full AUM surged to $151.6 billion.
Solana was the lone loser
Bullish sentiment was seen successful each crypto ETPs but for Solana (SOL), with Solana-based concern products seeing $5.7 cardinal of outflows past week.
Meanwhile, Ether (ETH), the second-largest cryptocurrency by marketplace cap, saw $183 cardinal inflows successful the past trading week, breaking an eight-week streak of outflows.
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Other notable gainers among altcoins were Sui (SUI) and XRP (XRP), which saw $20.7 cardinal and $31.6 cardinal of inflows, respectively.
All issuers spot steadfast inflows
The caller crypto ETP flows were distributed crossed each large issuers, including those successful the United States and Europe.
BlackRock’s iShares ETFs saw the largest inflows past week astatine $1.5 billion, with ARK and Fidelity pursuing astatine $621 cardinal and $574 million, respectively.
Flows by issuer (in millions of US dollars). Source: CoinSharesDespite important inflows, immoderate issuers proceed to spot outflows month-to-date, oregon since April 1. Among those issuers are Grayscale with $84 cardinal successful outflows, ProShares with $18 cardinal successful outflows, and CoinShares with $7 cardinal successful outflows.
Reasons for the spike
The latest inflows people a notable inclination reversal successful crypto ETPs arsenic the bulk of issuers were seeing monolithic YTD inflows successful the erstwhile week, pursuing a bid of outflows successful 2025.
According to CoinShares’ James Butterfill, the caller inflows apt came from concerns implicit the tariff impact connected firm net arsenic good arsenic a notable weakening of the US dollar, fueling request for safe-haven assets.
The inflows besides came arsenic golden prices saw a notable diminution past week aft breaking caller highs astatine astir $3,500 connected April 22, dropping to arsenic debased arsenic $3,275 connected April 23, according to TradingView.
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