Weekly ETF recap: How Bitcoin, Ethereum, Solana & XRP funds stacked up?
Discover the latest performance trends in Bitcoin, Ethereum, Solana, and XRP ETFs as the crypto market shifts towards bullish sentiment in this weekly recap.
The overall cryptocurrency market has been buzzing with excitement as we wrap up another week of ETF activity. With sentiment shifting toward the bullish side, it's high time we take a closer look at how various ETFs—including those for Bitcoin, Ethereum, Solana, and XRP—have performed. How Have Bitcoin ETFs Performed This Week? On April 13, cumulative Bitcoin [BTC] ETFs experienced significant outflows amounting to $290 million . The major player in this downturn was Fidelity’s FBTC, which saw outflows totaling $229.2 million . However, as the week progressed, the tide changed dramatically. April 14 brought a surge in inflows for BTC ETFs, with the total reaching $411.4 million . Among the ETFs, BlackRock’s IBIT stood out, raking in inflows of $34.7 million , while Morgan Stanley's MSBT also entered the fray with $6.3 million in inflows. The trend did see a decline on April 15, when inflows dipped to $186.1 million , followed by an even lower $26.1 million on April 16. Yet, on April 17, the BTC ETF market exploded with inflows soaring to $663.9 million . Meanwhile, Bitcoin’s price rose from around $70,000 to $75,159.25 as of press time, marking a hike of 4.93% over the week. Did the Ethereum ETF Mirror Similar Sentiments? Ethereum ETFs showed a consistent inflow streak, albeit with smaller amounts than Bitcoin. On April 13, ETH ETFs recorded inflows worth $9.5 million , with BlackRock’s ETHB bringing in $5.8 million . This positive trend continued, with April 14 seeing inflows increase to $53.1 million . Ethereum's performance was even stronger on April 15, with inflows reaching $67.9 million . Despite a setback on April 16 due to Grayscale’s ETHE experiencing outflows of $16.7 million , the ETH ETF closed the week on a high note, recording maximum inflows of $127.4 million on April 17. Ethereum’s price also experienced a healthy increase, climbing by 4.53% over the week. How Did Solana and XRP ETFs Fare? The Solana [SOL] ETF had a rather sluggish start, seeing no