The overall crypto market showed signs of a return of bullish market sentiment, with the ETF space being no exception. All ETFs, including Spot Bitcoin ETFs, Ethereum ETFs, Solana ETFs, and XRP ETFs, saw maximum days of inflows over the past week.
Spot Bitcoin ETF Analysis
On April 13, cumulative Bitcoin [BTC] ETFs saw outflows worth $290 million, with Fidelity’s FBTC seeing the highest outflows worth $229.2 million.
On the other hand, BlackRock’s IBIT saw the highest inflows, worth $34.7 million. Morgan Stanley’s MSBT, new to the game, also recorded inflows worth $6.3 million.
On April 14, the total BTC ETF saw inflows worth $411.4 million, with IBIT recording the highest inflows. Although on April 15, the inflow amount dropped to $186.1 million.
On April 16, there was a further decline in inflows, amounting to $26.1 million. Finally, on April 17, inflows increased exponentially when total BTC ETF inflows reached $663.9 million.
Meanwhile, Bitcoin’s price rose from around $70,000 to $75,159.25 at the time of writing, after rising 4.93% in the past week.
Did the Ethereum ETF reflect similar sentiments?
Ethereum [ETH] However, the ETF saw smaller amounts of inflows but still managed to maintain inflows over the past week. On April 13, the ETH ETF recorded inflows worth $9.5 million, while BlackRock’s ETHB reported inflows worth $5.8 million.
On April 14, inflows rose to $53.1 million.
Looking ahead, the ETH ETF saw inflows worth $67.9 million on April 15. While April 16 saw a modest inflow worth $18 million, thanks to Grayscale’s ETHE outflow worth $16.7 million.
On the last day of the week, the ETH ETF saw maximum inflows for the week of $127.4 million, with the price rising 4.53% over the past week.
Solana and XRP ETFs were no exception
At the same time the Solana [SOL] ETF saw zero flows on April 13th. While the SOL ETF saw $1.3 million inflows on April 14.
On April 15, the cumulative Solana ETF saw inflows worth $5.3 million.
On April 16, BSOL was the only one to record inflows worth $15.5 million. Finally, the SOL ETF saw $13 million in inflows on April 17.
At the same time, Solana’s price chart also showed an increase after rising more than 3% in the past week.
Meanwhile the Ripple [XRP] ETF also saw inflows, with $1.46 million inflows on April 13. On April 14 and April 15, the XRP ETF saw inflows worth $11.2 million and $17.11 million, respectively.
Finally, the XRP ETF saw inflows worth $11.87 million and $13.74 million on April 16 and 17. While the XRP price saw a price increase of more than 6% in the past week.
Final summary
- With the exception of the first day of the week, the Spot Bitcoin ETF experienced inflows.
- Ethereum, Solana and XRP ETFs, while posting modest gains, all saw inflows.