The overall crypto market showed signs of bullish sentiment returning to the market, with the ETF space being no exception. All the ETFs, including Spot Bitcoin ETFs, Ethereum ETFs, Solana ETFs, and XRP ETFs, saw maximum days in inflows in the past week.
Spot Bitcoin ETF analysis
On the 13th of April, cumulative Bitcoin [BTC] ETFs saw outflows worth $290 million, in which Fidelity’s FBTC saw 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, being new to the game, also recorded inflows worth $6.3 million.
Moving ahead on the 14th of April, the overall BTC ETF saw inflows worth $411.4 million, in which IBIT recorded the highest inflows. Though on the 15th of April, the inflow amount decreased to $186.1 million.
The 16th of April saw a further decline in inflows, worth $26.1 million. Lastly, on the 17th of April, inflows spiked exponentially as the total BTC ETF inflows reached $663.9 million.
Meanwhile, Bitcoin’s price went up from hovering near the $70K mark to $75,159.25 at press time after a hike of 4.93% in the past week.
Did the Ethereum ETF mirror similar sentiments?
Ethereum [ETH] ETF, though, saw smaller amounts in inflows, yet it managed to maintain an inflow streak in the past week. On the 13th of April, the ETH ETF recorded inflows worth $9.5 million, in which BlackRock’s ETHB reported inflows worth $5.8 million.
On the 14th of April, the inflows increased to $53.1 million.
Moving forward, on the 15th of April, the ETH ETF saw inflows worth $67.9 million. Whereas, the 16th of April saw modest inflows worth $18 million, thanks to Grayscale’s ETHE outflows worth $16.7 million.
On the last day of the week, the ETH ETF saw maximum inflows in the week of $127.4 million, with its price hiking by 4.53% in the past week.
Solana and XRP ETFs were no exception
Simultaneously, the Solana [SOL] ETF saw zero flows on the 13th of April. Whereas, on the 14th of April, the SOL ETF saw $1.3 million in inflows.
Moving ahead on the 15th of April, the cumulative Solana ETF saw inflows worth $5.3 million.
On the 16th of April, BSOL was the only one to record inflows worth $15.5 million. Lastly, on the 17th of April, the SOL ETF saw inflows worth $13 million.
At the same time, Solana’s price graph also saw a surge after a hike of over 3% in the past week.
Meanwhile, the Ripple [XRP] ETF was also on an inflow streak, with the 13th of April seeing $1.46 million in inflows. On the 14th of April and the 15th of April, the XRP ETF saw inflows worth $11.2 million and $17.11 million, respectively.
Lastly, on the 16th and 17th of April, the XRP ETF saw inflows worth $11.87 million and $13.74 million. Whereas, XRP price saw a price hike of over 6% in the past week.
Final Summary
- Except for the first day of the week, the Spot Bitcoin ETF was on an inflow streak.
- Ethereum, Solana, and XRP ETFs, although they saw modest gains, were all in inflows.