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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/104307"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=104307"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/104307\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=104307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=104307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=104307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}