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Crypto exchange-traded funds (ETFs) delivered another solid performance between April 20 and April 24, with capital continuing to flow into the sector despite midweek divergence and a late slowdown. The overall trend remained positive, though the flows appeared increasingly selective.
Bitcoin spot ETFs led with $823.7 million in net inflows for the week, reflecting continued institutional demand. Flows were concentrated in a small number of products.
Not all issuers saw gains. Grayscale’s GBTC recorded $59 million in net outflows, continuing a long-standing pattern of redemptions. Bitwise’s BITB also saw $13.8 million in outflows, while Vaneck’s HODL slipped by $5.9 million. Smaller contributions included Valkyrie’s BRRR and Wisdomtree’s BTCW.
The broader takeaway was that Bitcoin demand remained strong, but increasingly concentrated in fewer, dominant vehicles.
Ether ETFs added $155 million in net inflows, extending their recovery despite a midweek break in momentum. The week began with strong inflows led by Blackrock’s ETHA and ETHB, alongside steady contributions from Fidelity’s FETH.
Thursday brought a notable outflow that ended a 10-day streak, but Friday’s rebound pointed to continued underlying demand. Grayscale’s Ether Mini Trust attracted consistent inflows, even as ETHE faced periodic redemptions. Overall, the week was positive, with signs of internal rotation.
In smaller segments, flows were constructive but measured.
The XRP and Solana segments showed improving traction after a quieter start to the month.
Across the market, the pattern suggested that capital was still entering crypto ETFs, but becoming more targeted. The week reinforced that investors were favoring scale, liquidity, and fee efficiency, while moving away from legacy structures.
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