Weekly Highlights at a Glance
- Crypto ETPs claw back $6M in inflows after 2-week, $1B+ outflow
- XRP leads with $37.7M inflows, while Ether drops $26.7M
- BlackRock adds $182M, while Fidelity loses $123M
- Assets under management (AUM) rise 1.4% to $131B
- U.S. issuers trail behind as global markets gain traction
- Bitcoin ETFs post $381.3M inflow—best day in 3 months
A Tug of War: Modest Recovery After Turbulence
Crypto ETPs staged a cautious recovery from April 14–18, 2025, posting $6 million in inflows after bleeding over $1 billion the previous two weeks. While modest, this rebound hints at a market rebalancing itself, with select assets finding favor among investors.
James Butterfill, Head of Research at CoinShares, pinpointed the volatility:
“Mid-week outflows of $146 million were directly tied to strong U.S. retail sales data on April 16—proof that macroeconomic shifts still rattle digital markets.”
Winners and Losers: XRP Steals the Spotlight
Among all crypto assets, XRP emerged as the week’s top performer, attracting $37.7 million in inflows, potentially signaling renewed investor interest in undervalued bets. In stark contrast, Ether saw $26.7 million in outflows, underlining a notable shift in institutional appetite.
Bitcoin also experienced $6 million in outflows, pushing its April loss to $894 million. However, it still leads the 2025 scoreboard with $541 million year-to-date inflows, followed by Ether ($215M) and XRP ($214M).
ETF Issuers: A Tale of Two Strategies
ETP issuer performance reflected a divided market.
- BlackRock’s iShares drew a robust $182 million, cementing its dominant position.
- Fidelity, however, faced $123 million in outflows, raising eyebrows about its crypto strategy.
- Bitwise and 21Shares bucked the trend, adding $24 million and $37 million, respectively. Notably, 21Shares is the only issuer with net positive April flows of $28 million.
Year-to-date, BlackRock reigns supreme with over $3 billion in inflows, towering over Proshares ($340M) and ARK Invest.
Bitcoin ETFs Bounce Back
In a separate boost for the crypto market, Bitcoin ETFs had their strongest day in nearly three months on April 21, pulling in $381.3 million, per Farside Investors.
- ARK 21Shares’ ARKB led with $116.13 million, totaling $2.6 billion year-to-date
- Fidelity’s FBTC added $87.61 million, with $11.37 billion year-to-date inflows
While the broader weekly inflows remained flat, these ETF-specific numbers show that institutional interest is far from fading.
Regional Divide and a Bitcoin Breakout?
The recovery story was uneven. U.S.-based ETFs saw $71 million in outflows, while Switzerland, Germany, and Canada combined for $75.4 million in inflows—highlighting geographic divergence in crypto confidence.
Conclusion:
The crypto ETP market may still be licking its wounds, but glimmers of hope—led by XRP’s rise and a surprise ETF rally—suggest that investor confidence isn’t entirely lost. As the market recalibrates, all eyes remain on macro indicators and Bitcoin’s next big move.
Meanwhile, Bitcoin flirted with the $90,000 mark, a historically significant level now seen as resistance. A breakout here could catapult BTC toward $110,000, contingent on risk sentiment and macro cues.