Crypto ETPs saw modest inflows of $6 million last week, indicating mixed investor sentiment but signs of recovery, according to CoinShares. After experiencing over $1 billion in outflows in the preceding weeks, the week of April 14–18 showed slight recovery. Despite starting with minor inflows, stronger-than-expected US retail sales mid-week triggered significant outflows of $146 million. Total assets under management in crypto ETPs increased from approximately $129 billion to $131 billion. Notably, Fidelity experienced outflows of $123 million, while Bitwise and 21Shares recorded inflows of $24 million and $37 million, respectively. As of April, all US crypto ETP issuers are in the red, with European-based 21Shares the exception with $28 million maintained inflows. ETP inflows year-to-date rank Bitcoin the highest with $541 million, followed by Ether at $215 million and XRP at $214 million. Meanwhile, XRP saw substantial inflows of $37.7 million, while Ether faced outflows of $26.7 million. The overall market sentiment remains cautious amid these developments.

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