Bitcoin and Ethereum ETFs Experience Significant Inflows in April

Bitcoin ETFs experienced daily inflows of $936M, the largest since Trump’s era. Ethereum ETFs attracted $38.7M, reflecting strong demand. ARKB and FBTC led the Bitcoin inflows. The total weekly inflows exceeded $1B, with significant growth in net assets for leading funds. Performance varies, with some ETFs seeing no inflows at all.

In recent developments, Bitcoin exchange-traded funds (ETFs) recorded significant inflows amounting to nearly $1 billion daily. Specifically, Bitcoin ETFs saw $936.43 million in net inflows on April 22, marking the highest since the Trump administration. Additionally, Ethereum ETFs attracted $38.74 million, reflecting strong investor interest. Overall, this surge follows a successful Easter Monday when Bitcoin ETFs outperformed equities despite a more challenging market environment.

The Bitcoin ETFs leading the inflows include ARK 21Shares’ Bitcoin ETF (ARKB) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). On April 22, ARKB marked a leading daily inflow of $267.1 million, with FBTC close behind at $253.82 million. Consequently, ARKB’s assets total $4.59 billion, while FBTC’s assets reached $18.16 billion. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) secured third place with inflows of $193.49 million, bringing its net assets to $52.7 billion.

In the overall ranking, Bitwise’s Bitcoin ETF (BITB) followed with daily inflows of $76.71 million, contributing to net assets of $3.58 billion. Notably, the poorest performers in this sector were WisdomTree Bitcoin Trust (BTCW) and Hashdex Bitcoin ETF (DEFI), which reported zero net inflows, leading to total net assets of $141.68 million and $15.59 million, respectively.

Simultaneously, Ethereum ETFs demonstrated positive trends with total daily net inflows of $38.74 million. Fidelity’s FETH led these inflows with $32.65 million, culminating in net assets of $649.67 million. In the second position, Bitwise’s ETHW recorded inflows of $6.09 million, leading to net assets of $155.59 million. Other Ethereum ETFs, including Grayscale’s ETH and ETHE, BlackRock’s ETHA, and VanEck’s ETHV, registered no net inflows, each posting figures of $0.

To conclude, while the current landscape shows robust inflows into Bitcoin and Ethereum ETFs, investors should remain cautious. The volatile nature of cryptocurrency markets necessitates thorough research and consultation with financial experts before making investment decisions. Coinspeaker emphasises that this reporting is informational and should not be construed as investment advice.