Cryptocurrency exchange-traded products (ETPs) experienced significant inflows last week, totaling $3.4 billion and marking their third-largest inflows on record, according to CoinShares. This increase occurred during the trading week from April 21–25, reflecting a renewed investment interest in crypto ETPs as Bitcoin surpassed the $90,000 mark. Notably, Bitcoin ETPs accounted for a substantial portion of these inflows, attracting $3.18 billion and bringing their assets under management to $132 billion. Ether also saw a resurgence with $183 million in inflows, ending an eight-week streak of outflows. Conversely, Solana-based products observed outflows of $5.7 million. Leading issuers like BlackRock’s iShares, ARK, and Fidelity recorded the highest inflows, while some providers like Grayscale and ProShares faced outflows. According to CoinShares, the inflows may have been driven by concerns over corporate earnings and recent declines in gold prices, which have prompted a shift in investor sentiment towards crypto assets.

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