Source: Cointelegraph
Original: “CoinShares: Cryptocurrency ETP Records $3.4 Billion in Third Largest Inflow”
According to data from CoinShares, last week, cryptocurrency exchange-traded products (ETPs) experienced the third largest inflow in history.
As reported by CoinShares on April 28, global cryptocurrency ETPs recorded a total inflow of $3.4 billion during the trading week from April 21 to 25, 2024, marking the highest level since December 2024.
This inflow was only 13% lower than the historical peak of $3.85 billion reported by CoinShares for the week of December 2 to 6, 2024.
With Bitcoin (BTC) breaking the $90,000 mark for the first time last week, investor interest in cryptocurrency ETPs has reignited. According to CoinGecko, Bitcoin briefly retraced to this price in early March before rising back above $90,000.
Last week, Bitcoin performed the best among cryptocurrency ETPs, with investors pouring up to $3.18 billion in new funds into Bitcoin ETPs.
These new inflows covered all outflows since early April, bringing the total inflow year-to-date (YTD) to $3.7 billion.
The assets under management (AUM) of Bitcoin ETPs have reached $132 billion, while total AUM surged to $151.6 billion.
All cryptocurrency ETPs showed optimistic sentiment except for Solana (SOL), which saw an outflow of $5.7 million last week.
Meanwhile, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recorded an inflow of $183 million during the past trading week, breaking an eight-week streak of outflows.
Among other notable altcoins, Sui (SUI) and Ripple (XRP) recorded inflows of $20.7 million and $31.6 million, respectively.
The new inflows into cryptocurrency ETPs were distributed among major issuers in the U.S. and Europe.
BlackRock's iShares ETF recorded the largest inflow last week, reaching $1.5 billion, followed by ARK and Fidelity, with inflows of $621 million and $574 million, respectively.
Despite the significant inflows, some issuers still experienced outflows this month, with Grayscale seeing an outflow of $84 million, ProShares $18 million, and CoinShares $7 million.
The latest inflows mark a trend reversal for cryptocurrency ETPs, as most issuers had experienced large year-to-date inflows in the past week, reflecting a series of outflows in 2025.
According to CoinShares' James Butterfill, these new inflows may stem from concerns about the impact of tariffs on corporate earnings and the significant weakening of the dollar, which has driven demand for safe-haven assets.
Additionally, after gold prices broke the $3,500 mark on April 22 and then fell to $3,275, this further facilitated the inflows.
Related: This Week's Top 5 Bitcoin (BTC) Market Focus Points: "Local Top" and $88,000 Retracement?
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