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.

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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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The post Crypto Funds Show Mixed Signals With Just $6M Inflows appeared first on Coin Engineer.