Cryptocurrency exchange-traded products (ETPs) made a comeback with their third-highest inflows ever recorded last week, as reported by CoinShares.
Worldwide crypto ETPs collectively recorded $3.4 billion in inflows during the trading week of April 21–25, highlighting the highest figures since December 2024, CoinShares noted on April 28.
The inflows were merely 13% shy of the all-time peak of $3.85 billion witnessed during the trading week of Dec. 2–6, 2024, as CoinShares had previously detailed.
Heightened investor interest in crypto ETPs emerged as Bitcoin (BTC) surged back above $90,000 last week for the first time since momentarily testing that price level in early March, as per CoinGecko.
Bitcoin ETFs dominate as price stabilizes above $90,000
Bitcoin emerged as the leading beneficiary among crypto ETPs last week, with investors directing as much as $3.18 billion into BTC ETPs.
The recent inflows compensated for all the prior outflows recorded since early April, with year-to-date (YTD) inflows cumulatively reaching $3.7 billion.
Bitcoin ETP’s assets under management (AUM) have risen to $132 billion, while total AUM skyrocketed to $151.6 billion.
Solana stands alone as the sole underperformer
Positive sentiment was evident across all crypto ETPs, except for Solana (SOL), with Solana-linked investment products experiencing $5.7 million in outflows last week.
Conversely, Ether (ETH), the second-largest cryptocurrency by market capitalization, attracted $183 million in inflows during the prior trading week, ending an eight-week outflow streak.
Related: Solana’s Loopscale suspends lending subsequent to $5.8M hack
Other significant gainers among altcoins included Sui (SUI) and XRP (XRP), which garnered $20.7 million and $31.6 million in inflows, respectively.
All issuers experience robust inflows
The new crypto ETP inflows were spread across all prominent issuers, including those from the United States and Europe.
BlackRock’s iShares ETFs garnered the most significant inflows last week at $1.5 billion, with ARK and Fidelity following closely with $621 million and $574 million, respectively.
Despite the considerable inflows, some issuers still face outflows for the month to date, starting from April 1. These issuers include Grayscale with $84 million in outflows, ProShares with $18 million in outflows, and CoinShares with $7 million in outflows.
Factors behind the surge
The recent inflows signify a remarkable shift in the trend of crypto ETPs, as most issuers had witnessed substantial YTD inflows in the preceding week, following a cascade of outflows in 2025.
According to CoinShares’ James Butterfill, the new inflows probably resulted from apprehensions regarding the impact of tariffs on corporate profits, along with a significant depreciation of the US dollar, pushing up demand for secure assets.
The inflows coincided with a marked drop in gold prices last week after reaching new heights at nearly $3,500 on April 22 and falling to lows of around $3,275 on April 23, according to TradingView.
Magazine: Ethereum is outpacing the competition in the $16.1T TradFi tokenization race
