{"id":11522,"date":"2025-04-28T12:55:48","date_gmt":"2025-04-28T10:55:48","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=11522"},"modified":"2025-04-28T12:55:48","modified_gmt":"2025-04-28T10:55:48","slug":"crypto-etps-reach-historic-3-4b-inflows-marking-third-highest-on-record-coinshares","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/04\/28\/crypto-etps-reach-historic-3-4b-inflows-marking-third-highest-on-record-coinshares\/","title":{"rendered":"Crypto ETPs Reach Historic $3.4B Inflows, Marking Third-Highest on Record \u2014 CoinShares"},"content":{"rendered":"

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Cryptocurrency exchange-traded products (ETPs) made a comeback with their third-highest inflows ever recorded last week, as reported by CoinShares.<\/p>\n

Worldwide crypto ETPs collectively recorded $3.4 billion in inflows during the trading week of April 21\u201325, highlighting the highest figures since December 2024, CoinShares noted<\/a> on April 28.<\/p>\n

The inflows were merely 13% shy of the all-time peak of $3.85 billion<\/a> witnessed during the trading week of Dec. 2\u20136, 2024, as CoinShares had previously detailed<\/a>.<\/p>\n

Heightened investor interest in crypto ETPs emerged as Bitcoin (BTC<\/a>) surged back above $90,000 last week for the first time since momentarily testing that price level in early March, as per<\/a> CoinGecko.<\/p>\n

Bitcoin ETFs dominate as price stabilizes above $90,000<\/h2>\n

Bitcoin emerged as the leading beneficiary among crypto ETPs last week, with investors directing as much as $3.18 billion into BTC ETPs.<\/p>\n

The recent inflows compensated for all the prior outflows recorded since early April<\/a>, with year-to-date (YTD) inflows cumulatively reaching $3.7 billion.<\/p>\n

Flows by asset (in millions of USD). Source: CoinShares<\/em><\/figcaption><\/figure>\n

Bitcoin ETP\u2019s assets under management (AUM) have risen to $132 billion, while total AUM skyrocketed to $151.6 billion.<\/p>\n

Solana stands alone as the sole underperformer<\/h2>\n

Positive sentiment was evident across all crypto ETPs, except for Solana (SOL<\/a>), with Solana-linked investment products experiencing $5.7 million in outflows last week.<\/p>\n

Conversely, Ether (ETH<\/a>), the second-largest cryptocurrency by market capitalization, attracted $183 million in inflows during the prior trading week, ending an eight-week outflow streak.<\/p>\n

Related: <\/strong><\/em>Solana’s Loopscale suspends lending subsequent to $5.8M hack<\/strong><\/em><\/a><\/p>\n

Other significant gainers among altcoins included Sui (SUI<\/a>) and XRP (XRP<\/a>), which garnered $20.7 million and $31.6 million in inflows, respectively.<\/p>\n

All issuers experience robust inflows<\/h2>\n

The new crypto ETP inflows were spread across all prominent issuers, including those from the United States and Europe.<\/p>\n

BlackRock\u2019s 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.<\/p>\n

Flows by issuer (in millions of USD). Source: CoinShares<\/em><\/figcaption><\/figure>\n

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.<\/p>\n

Factors behind the surge<\/h2>\n

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.<\/p>\n

According to CoinShares\u2019 James Butterfill, the new inflows probably resulted from apprehensions regarding the impact of tariffs<\/a> on corporate profits, along with a significant depreciation of the US dollar<\/a>, pushing up demand for secure assets<\/a>.<\/p>\n

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.<\/p>\n

Magazine: <\/strong><\/em>Ethereum is outpacing the competition in the $16.1T TradFi tokenization race<\/strong><\/em><\/a><\/p>\n