Crypto ETPs see modest $6M inflows, XRP stands out with $37.7M gains. BlackRock leads, US issuers lag.

Last week, cryptocurrency exchange-traded products (ETPs) experienced a minor recovery with $6 million in inflows after facing significant outflows totaling over $1 billion in the previous two weeks. The data, reported by CoinShares on April 22, reflects a mixed sentiment among investors. The uptick in inflows was followed by an outflow of $146 million triggered by stronger-than-expected US retail sales figures mid-week. Despite the fluctuations, total assets under management (AUM) in crypto ETPs increased by 1.4% from $129 billion on April 11 to $131 billion on April 18. BlackRock’s iShares exchange-traded funds led with $182 million in inflows, while Fidelity witnessed $123 million in outflows from their crypto ETPs. Bitwise and 21Shares saw inflows totaling $24 million and $37 million, respectively. Notably, all US crypto ETP issuers are currently at a loss for the month, except for 21Shares, which maintained $28 million in inflows. XRP stood out with $37.7 million in inflows, while Ether saw outflows of $26.7 million. Bitcoin experienced minor outflows of $6 million, contributing to a total of $894 million in outflows for April. However, it still leads in year-to-date ETP inflows with $541 million, followed by Ether and XRP with $215 million and $214 million, respectively. This data suggests a cautious yet active market for crypto ETPs in India and globally.

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