Strong capital flow into Crypto ETP: From April 21-25, global cryptocurrency ETPs attracted $3.4 billion – ranking third in weekly inflows, a 13% decrease from the record $3.85 billion (December 2024).
Bitcoin leads: Bitcoin ETP attracted $3.18 billion thanks to BTC price recovering above $90,000. The total assets under management (AUM) of Bitcoin ETP reached $132 billion, while the total AUM of the industry is $151.6 billion.
Largest ETFs:
BlackRock (iShares): +$1.5 billion.
ARK Invest: +$621 million.
Fidelity: +$574 million.
Outflows: Grayscale (-$84 million), ProShares (-$18 million), CoinShares (-$7 million since the beginning of April).
Notable altcoins:
Ethereum (ETH): Ended 8 weeks of capital outflow, bringing in $183 million.
XRP & SUI: Attracted $31.6 million and $20.7 million respectively.
Solana (SOL): Capital outflow of $5.7 million – the only exception.
Reasons: According to CoinShares, inflation and the weakening USD are driving investors to digital assets. The price of gold dropped from $3,500 (April 22) to $3,275 (April 23) also contributed.
Trend reversal: Inflows have reversed compared to early 2025, marking a strong recovery of the cryptocurrency ETP market.
