James Butterfill, Head of Research at CoinShares, noted, “While the week started with inflows, unexpectedly strong US retail data mid-week triggered $146 million in outflows.”

Bitcoin ETFs In The Red In April!

Total assets under management (AUM) rose 1.4%, increasing from $129 billion on April 11 to $131 billion by April 18.

BlackRock‘s iShares ETFs saw the highest weekly inflows at $182 million, while Fidelity reported $123 million in outflows. Bitwise added $24 million, and European issuer 21Shares recorded $37 million in inflows.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

So far, all US-based crypto ETPs are in the red for April. 21Shares remains the only issuer with net inflows this month at $28 million.

XRP And 21Shares Lead Inflows This Week

Among individual assets, Ethereum (ETH) saw the largest outflows at $26.7 million, while XRP stood out with $37.7 million in inflows — making it the top-performing asset of the week.

Bitcoin (BTC) experienced minor outflows of $6 million, bringing April’s total to $894 million in outflows. However, BTC still leads year-to-date with $541 million in inflows, ahead of ETH with $215 million and XRP with $214 million.

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Crypto ETPs See $226 Million Inflows Last Week, But Asset Values Continue to Decline

Cryptocurrency exchange-traded products (ETPs) saw $226 million in net inflows last week, marking a reversal after a streak of record outflows. According to CoinShares’ March 31 report, this week’s inflows added to the previous week’s $644 million inflows.

Despite the two-week positive trend following five weeks of outflows, total assets under management (AUM) continued to decline, falling below $134 million.

Bitcoin Investment Products Lead Weekly Inflows

Bitcoin investment products accounted for the majority of the weekly inflows, totaling $195 million. However, short-Bitcoin investment products experienced outflows for the fourth consecutive week, with a loss of $2.5 million.

Altcoins saw a first week of inflows totaling $33 million after four weeks of consecutive outflows. This marks a positive change for altcoins.

Among individual altcoins, Ether saw $14.5 million in inflows, followed by Solana with $7.8 million, XRP with $4.8 million, and Sui with $4 million.

Crypto ETPs Fail to Reverse AUM Decline

Despite recent inflows, crypto ETPs have failed to reverse the decline in total AUM. According to CoinShares, since March 10, total AUM has decreased by 5.7%, falling to $133.9 billion, marking the lowest level recorded for 2025.

CoinShares’ Head of Research James Butterfill noted that this decline could be attributed to the drop in cryptocurrency prices. Bitcoin ETPs’ total assets under management have fallen to their lowest levels since just after the US elections, reaching $114 billion.

Since January 1, 2025, Bitcoin’s price has dropped by 13.6%, and the total market capitalization has decreased by 20%, according to CoinGecko data.

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The vote, which opened on December 26, has seen all votes cast by decentralized finance (DeFi) lending protocol tokenholders in favor of the proposal so far. All comments in the discussion are also supportive. The vote will remain open until January 1, 2025.

Frax Finance tweet:

According to the vote summary, the benefits of passing the proposal for Frax USD may include creating income opportunities, deeper liquidity, transfer options, and reduced counterparty risk due to the backing of BlackRock.

In the December 22 discussion about the proposal, initiated by real-world asset tokenization platform Securitize, the broker-dealer for BlackRock’s BUIDL, a user named Achaffee said the move would help bridge traditional finance and DeFi.

According to Achaffee, tokenized real-world assets (RWAs) provide an excellent bridge between traditional finance and DeFi by bringing institutional-grade investments onchain.

Achaffee: “In the last 9 months alone, we’ve seen major players, including DAOs and decentralized protocols, put out large public RFPs to explore how they can most effectively strengthen their treasuries or back their stablecoins with RWAs.”

“These early explorations mark a significant evolution in how decentralized players manage their financial resources and consider cross-industry asset strategies,” added.

BUIDL, launched on March 15, surpassed half a billion dollars in assets under management (AUM) in less than four months.

BUIDL is pegged 1:1 with the US dollar and pays daily accrued dividends directly to investors each month through a partnership with Securitize. The fund invests in US government securities.

According to Dune Analytics data, $3.4 billion worth of tokenized treasury funds are now onchain.

Frax is not the first platform to consider a BUIDL-backed stablecoin. Ethena Labs, which is behind the USDe synthetic dollar, announced on September 26 that it was working on a BUIDL-backed stablecoin. This stablecoin, named USDtb, is a separate product offering from Ethena’s USDe. USDtb went live on December 16 and has accrued $89 million in total value locked (TVL), according to data from DefiLlama.

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