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

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, CoinSharesreportedon April 28.

The inflows were just 13% below theall-time high of $3.85 billionseen in the trading week of Dec. 2–6, 2024, CoinShares previouslyreported.

Renewed investment interest in crypto ETPs came as BitcoinBTC$95,444BitcoinChange (24h)1.60%Market Cap$1.89TVolume (24h)$23.21BView Morebroke back above $90,000 last week for the first time since briefly retesting the price mark in early March,accordingto CoinGecko.

Bitcoin ETFs lead as price consolidates above $90,000

Bitcoin 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 theprevious outflows seen since the beginning of April, with year-to-date (YTD) inflows extending to $3.7 billion.

Bitcoin ETP’s assets under management (AUM) have reached $132 billion, while total AUM surged to $151.6 billion.

Solana was the only loser

Bullish sentiment was seen in all crypto ETPs except for SolanaSOL$152.56SolanaChange (24h)2.74%Market Cap$74.24BVolume (24h)$2.49BView More, with Solana-based investment products seeing $5.7 million of outflows last week.

Meanwhile, EtherETH$1,819EthereumChange (24h)0.74%Market Cap$219.11BVolume (24h)$10.28BView More, 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 hack

Other notable gainers among altcoins were SuiSUI$3.85SuiChange (24h)5.90%Market Cap$11.58BVolume (24h)$1.32BView Moreand XRPXRP$2.32XRPChange (24h)6.43%Market Cap$134.28BVolume (24h)$3.71BView More, which saw $20.7 million and $31.6 million of inflows, respectively.

All issuers see healthy inflows

The 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.

Despite 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 spike

The 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 thetariff impacton corporate earnings as well as anotable weakening of the US dollar, fueling demand forsafe-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

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