Crypto exchange-traded products (ETPs) experienced a slight recovery last week with modest inflows of $6 million, after facing over $1 billion in outflows in the prior two weeks. These inflows reflect mixed investor sentiment, according to CoinShares. Despite initial inflows, mid-week US retail sales data prompted outflows of $146 million. Total assets under management (AUM) in crypto ETPs increased by 1.4%, reaching approximately $131 billion by April 18. US Bitcoin ETFs reported a challenging month with major issuers, including Fidelity, facing significant outflows. In contrast, European issuer 21Shares noted $37 million in inflows. On an asset level, XRP was a standout performer with inflows of $37.7 million, while Ether led in outflows, totaling $26.7 million. Bitcoin also experienced minor outflows, amounting to $6 million, bringing its total outflows for April to $894 million. However, Bitcoin continues to attract significant interest with $541 million in ETP inflows year-to-date, ahead of Ether and XRP.

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