Bitcoin-led inflows bring $1.2B to crypto ETPs; AUM $155B

Crypto exchange-traded products attracted $1.2 billion in inflows last week, CoinShares reported, marking a fourth consecutive week of net inflows and raising assets under management to $155 billion.

Bitcoin products accounted for $932.5 million of last week’s inflows, bringing year-to-date flows into Bitcoin ETPs to about $4 billion. CoinShares linked the inflows to Bitcoin trading above $76,000, the highest level since early February.

Data provider SoSoValue attributed roughly $824 million of the Bitcoin inflows to U.S.-listed spot Bitcoin exchange-traded funds. Over the past four weeks, ETP inflows totaled about $3.9 billion, exceeding a prior four-week total of $2.9 billion in March.

Ether ETPs drew $192 million last week, their third straight week of inflows above $190 million, taking year-to-date Ether ETP flows to about $390 million. XRP funds returned to inflows after recording $56 million of outflows the previous week.

Short-Bitcoin products saw $16.5 million of inflows, near recent monthly averages and consistent with ongoing hedging activity. Blockchain equity ETFs posted a record weekly inflow and have taken in about $617 million over the past three weeks.

By region, the United States led with roughly $1.1 billion of inflows. Germany recorded about $62 million, while Switzerland posted $35 million, reversing $138 million of outflows from the prior week.

James Butterfill, head of research at CoinShares, noted market participants were focused on the Federal Open Market Committee meeting scheduled for April 28–29.

Crypto ETPs are funds that trade on traditional exchanges and provide investors exposure to digital assets without requiring direct ownership of the underlying tokens.