Key Insights:
- Crypto news on ETPs: +$6M last week (after $1B+ outflows).
- XRP: +$37.7M; Ether: -$26.7M.
- BlackRock ETFs: +$182M; Fidelity: -$123M.
- AUM: +1.4% to $131B; US issuers lag.
Crypto news took a surprising turn from April 14 to 18, 2025, as exchange-traded products (ETPs) clawed back $6 million in inflows after a $1 billion outflow bloodbath over the prior two weeks, CoinShares reported on April 22.
Beneath the surface, a stark divide emerged: XRP raked in $37.7 million , while Ether bled $26.7 million. This modest rebound, jolted by mid-week economic data, signals a market wrestling with itself—where some assets shine, and others stumble.
The crypto ETP market has been a battlefield. After hemorrhaging over $1 billion in the prior two weeks, last week’s $6 million inflow feels like a bandage on a gaping wound.
CoinShares’ data shows total assets under management (AUM) ticked up 1.4%, climbing from $129 billion on April 11 to $131 billion by April 18.
James Butterfill, CoinShares’ head of research, flagged a mid-week stumble—$146 million in outflows tied to robust U.S. retail sales data on April 16. It’s a reminder: economic ripples still rock this boat.
Crypto News: XRP Steals the Spotlight, Ether Fades
The real story lies in the assets. XRP raked in $37.7 million, making it the week’s undisputed champ among crypto ETPs. Ether, meanwhile, shed $26.7 million, a stark reversal for a coin that’s long held institutional favor.
Bitcoin wasn’t immune either, posting $6 million in outflows, pushing its April losses to $894 million. Still, year-to-date (YTD) figures keep Bitcoin on top with $541 million in inflows, trailed by Ether at $215 million and XRP at $214 million.
Source: X
XRP’s sudden leap hints at shifting priorities—investors might be hunting for undervalued bets.
Among ETP issuers, BlackRock’s iShares ETFs flexed muscle with $182 million in inflows. That’s a lifeline in a tough week.
Fidelity, on the other hand, bled $123 million, exposing cracks in its crypto footing. Bitwise and 21Shares swam against the tide, pulling in $24 million and $37 million, respectively.
Notably, 21Shares stands alone with $28 million in positive flows for April, while U.S.-based issuers languish in the red. YTD, BlackRock leads the pack with over $3 billion, dwarfing Proshares’ $340 million and ARK’s meager.
Bitcoin ETFs Rally with Institutional Inflows
Bitcoin exchange-traded funds (ETFs) posted their best day in nearly three months on April 21, 2025, pulling in $381.3 million in net inflows, according to Farside Investors.
This marked the highest daily total since January 30, signaling renewed institutional interest after weeks of tepid activity due to macroeconomic uncertainty.
ARK 21Shares’ ARKB led with $116.13 million in inflows, while Fidelity’s FBTC added $87.61 million. ARKB’s total net inflows stand at $2.6 billion, and FBTC’s at $11.37 billion.
The surge contrasts with mid-April’s sluggish $6 million in weekly inflows for digital asset products, as reported by CoinShares on April 22.
U.S. ETFs saw $71 million in outflows that week, while Switzerland, Germany, and Canada recorded $75.4 million in combined inflows, highlighting regional differences.
Bitcoin edged higher early Tuesday , nearing the $90,000 mark, a key psychological and historical level. Previously a support zone, $90,000 now poses resistance due to market memory.
A breakout could push Bitcoin toward the prior consolidation range, potentially targeting $110,000. As a risk-driven asset, Bitcoin’s next move hinges on broader market sentiment.
