Bitcoin ETF Inflows Boost Crypto ETPs to $1.2B Weekly Record
Crypto ETPs extended their inflow streak to four straight weeks, with CoinShares reporting $1.2B of weekly net inflows and about $3.9B over the four-week period—the strongest run so far this year. Total assets under management rose to $155B (highest since Feb. 1), supported by Bitcoin trading above $76,000.
Bitcoin led flows with $932.5M last week, lifting year-to-date crypto ETP inflows to around $4B. US-listed spot Bitcoin ETFs contributed about $824M. Ether ranked second with $192M inflows for the third consecutive week above $190M, bringing ETH year-to-date inflows to about $390M.
XRP returned to inflows after a prior-week $56M outflow. Short-Bitcoin products also saw modest inflows of $16.5M, suggesting steady hedging rather than aggressive risk-off. Separately, blockchain equity ETFs recorded $617M inflows over three weeks.
Traders may turn cautious ahead of the FOMC decision on Apr. 28–29, since policy expectations can move risk assets, but the combination of resilient crypto ETP flows and firm price levels keeps the near-term backdrop constructive for BTC and broader exposure.
Bullish
Crypto ETP inflows are broad and persistent (four straight weeks) with BTC and ETH both seeing significant positive flows, while XRP stabilizes back into inflows and short-BTC hedging remains modest. This combination typically supports spot demand and reduces near-term downside pressure, aligning with resilient BTC price levels (above ~$76,000). The only caution is macro timing around the FOMC, which could create volatility, but the underlying flow trend is still constructive for BTC and overall crypto exposure.