Crypto ETPs hit 3rd-largest inflows on record at $3.4B — CoinShares

Published on Monday, April 28, 2025 by Cointelegraph | Found on Glideslope.ai

Cryptocurrency exchange-traded products (ETPs) bounced back with their third-largest inflows on record last week, according to CoinShares.Global crypto ETPs collectively posted $3.4 billion of inflows in the trading week of April 21–25, marking the highest level since December 2024, CoinShares reported on April 28.The inflows were just 13% below the all-time high of $3.85 billion seen in the trading week of Dec. 2–6, 2024, CoinShares previously reported.Renewed investment interest in crypto ETPs came as Bitcoin (BTC) broke back above $90,000 last week for the first time since briefly retesting the price mark in early March, according to CoinGecko.Bitcoin ETFs lead as price consolidates above $90,000Bitcoin was the primary winner among crypto ETPs last week, with investors pouring as much as $3.18 billion into BTC ETPs.The fresh inflows covered all the previous outflows seen since the beginning of April, with year-to-date (YTD) inflows extending to $3.7 billion.Flows by asset (in millions of US dollars). Source: CoinSharesBitcoin ETP’s assets under management (AUM) have reached $132 billion, while total AUM surged to $151.6 billion.Solana was the only loserBullish sentiment was seen in all crypto ETPs except for Solana (SOL), with Solana-based investment products seeing $5.7 million of outflows last week.Meanwhile, Ether (ETH), the second-largest cryptocurrency by market cap, saw $183 million inflows in the past trading week, breaking an eight-week streak of outflows.Related: Solana's Loopscale pauses lending after $5.8M hackOther notable gainers among altcoins were Sui (SUI) and XRP (XRP), which saw $20.7 million and $31.6 million of inflows, respectively.All issuers see healthy inflowsThe fresh crypto ETP flows were distributed across all major issuers, including those in the United States and Europe.BlackRock’s iShares ETFs saw the largest inflows last week at $1.5 billion, with ARK and Fidelity following at $621 million and $574 million, respectively.Flows by issuer (in millions of US dollars). Source: CoinSharesDespite significant inflows, some issuers continue to see outflows month-to-date, or since April 1. Among those issuers are Grayscale with $84 million in outflows, ProShares with $18 million in outflows, and CoinShares with $7 million in outflows.Reasons for the spikeThe latest inflows mark a notable trend reversal in crypto ETPs as the majority of issuers were seeing massive YTD inflows in the previous week, following a series of outflows in 2025.According to CoinShares’ James Butterfill, the new inflows likely came from concerns over the tariff impact on corporate earnings as well as a notable weakening of the US dollar, fueling demand for safe-haven assets.The inflows also came as gold prices saw a notable decline last week after breaking new highs at nearly $3,500 on April 22, dropping to as low as $3,275 on April 23, according to TradingView.Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race