Key Takeaways
- Bitcoin investment products continue to lead outflows.
- Despite underperformance, Ethereum product YTD inflows are the second-largest.
- Bitcoin ETFs command $97.61 billion in total net assets, or 5.63% of BTC’s market cap.
After weeks of volatility and bearish outflows, crypto investment products are slowly but surely reversing the underperformance with some humble inflows.
With Bitcoin (BTC) and altcoins gaining momentum, investors appear ready to return to the crypto markets, albeit cautiously.
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Cooling Outflows
The latest CoinShares report shows that crypto investment products have seen modest net inflows of $6 million.
The week began with average inflows, though strong mid-week U.S. retail data is believed to have triggered outflows of $146 million.
Bitcoin products recorded the highest flows. CoinShares notes that mixed sentiment saw net outflows of $6 million at the week’s end. Short Bitcoin investment products recorded $1.2 million in outflows, marking a seventeenth week of outflows, now amounting to $36 million.
Ethereum (ETH) products continue to underperform with an additional $26.7 million outflows. Outflows have now reached $772 million in the past eight weeks. Regardless, ETH product year-to-date (YTD) net inflows are the second-largest, at $215 million.
U.S. spot Ethereum ETFs comprised most of that figure, with SoSoValue data reporting that funds tallied $25.42 million in weekly total net outflows.
Ripple (XRP) products performed well, carrying $37.7 million in inflows last week, ranking it third under ETH for YTD inflows, which now stand at $214 million.
Bitcoin ETFs
As per SosoValue data, Bitcoin ETFs officially ended a two-week outflow streak with a humble $15.85 million in weekly total net inflows on April 17, 2025.
Though they were on track for another weekly red candle, investors appeared eager to accumulate BTC, which was trading at around $84,000. This confidence has seemingly gained momentum with today’s solid inflows and BTC’s modest rally to $88,533 .
Funds have kicked off this week with $381.4 million in daily net total inflows on April 21, 2025, their largest inflows since January 30, 2025. It marks a second consecutive day of inflows, which now total $489.63 million.
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