Bitcoin and Ether ETFs Attract Nearly $1 Billion Amid Selective Demand
- Bitcoin ETFs saw $823.7 million in net inflows, with Blackrock’s IBIT contributing $732.6 million.
- Ether ETFs recorded $155 million in net inflows, led by Blackrock’s ETHA and ETHB.
- XRP ETFs gained $16 million, while Solana ETFs added $9.4 million in net inflows.
- Grayscale’s GBTC faced $59 million in outflows, continuing its trend of redemptions.
- Vaneck’s HODL ETF experienced a decline of $5.9 million during the week.
The week from April 20 to April 24 marked a significant flow of capital into crypto exchange-traded funds (ETFs), driven mainly by institutional demand for Bitcoin and Ether products, particularly those managed by Blackrock.
Despite some outflows and midweek divergence, the overall trend for crypto ETFs remains positive with nearly $1 billion entering the market, highlighting selective investor interest in large-scale funds like Blackrock’s offerings. (Source)
