Crypto ETP Inflows Jump to $224M: XRP Leads, BTC Up, ETH Lags
Crypto ETP inflows rose to $224M last week, reversing the prior week’s $414M net outflow. The flow improved AUM to $131.8B and lifted year-to-date (YTD) inflows to about $1.2B.
By asset, XRP saw $120M of weekly Crypto ETP inflows—the strongest since mid-December 2025—taking its YTD inflows to $159M. Bitcoin (BTC) ETPs added $107M, with YTD BTC inflows above $1B; US spot BTC ETFs contributed about $22M.
Ethereum (ETH) was the exception. Crypto ETPs recorded $53M of weekly outflows for ETH, keeping ETH’s YTD net flows at a negative ~$327M. A separate update also showed on April 22 that BTC ETFs had $335.8M net inflows while ETH ETFs saw $96.4M inflows, hinting at improving momentum even as the broader ETH picture remains weak.
For traders, the key signal is selective institutional demand: Crypto ETP inflows favor BTC and XRP, while ETH continues to lag on a YTD basis. Watch weekly flow follow-through for near-term sentiment and pair rotations toward BTC/XRP versus ETH.
Neutral
The latest Crypto ETP data is mixed. Weekly inflows broadened overall sentiment (AUM up, YTD inflows positive), and BTC and XRP attracted the clearest demand, which can support relative strength versus weaker assets. However, ETH remains a drag on a YTD basis due to continued net outflows, and that can limit a full risk-on move across the board. In the short term, traders may react positively to BTC/XRP inflow momentum, but ETH underperformance suggests range-bound or rotation dynamics rather than a uniform bullish repricing across all majors.