Weekly recap of Bitcoin, Ethereum, Solana, and XRP ETF performance

Explore the latest trends and performance of Bitcoin, Ethereum, Solana, and XRP ETFs amidst recent global events impacting the crypto market.

As we've seen in recent days, global events can have a significant impact on cryptocurrency markets. On April 8th, the call for an 'immediate ceasefire' by the U.S. and Iran caused sharp reactions in the crypto space, and this was reflected in the performance of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP ETFs. If you’re curious about how these assets have performed in the wake of recent developments, read on! What Happened in the Bitcoin ETF Market? Last week kicked off with an impressive $471.4 million in inflows into the cumulative Spot Bitcoin ETFs. BlackRock's IBIT led the charge with an influx of $181.9 million, followed closely by Fidelity’s FBTC with $147.3 million and Ark Invest’s ARKB at $118.8 million. However, Grayscale only managed to attract $17.6 million during this period. The positive sentiment didn't last long, as by April 7th, Bitcoin ETFs suffered a setback with outflows totaling $159.1 million. Fidelity’s FBTC was the largest contributor to these outflows, recording $47.8 million, while Grayscale’s GBTC and BlackRock’s IBIT followed with outflows of $41.9 million and $17.1 million, respectively. On April 8th, after the ceasefire announcement, the cumulative Bitcoin ETF experienced further outflows of $93.9 million. Interestingly, the outflows reversed the trend on April 9th and 10th, where substantial inflows of $358.1 million and $240.2 million were recorded. On both days, IBIT took the lead with inflows of $269.3 million and $137.6 million, while Grayscale's GBTC remained stagnant with no flows. How Did Ethereum ETFs Perform? The Spot Ethereum ETFs mirrored Bitcoin's movements closely. On April 6th, inflows totaled $120.2 million, driven largely by BlackRock’s ETHA and Fidelity’s FBTC, which saw inflows of $60.8 million and $40.1 million, respectively. However, this trend was interrupted on April 7th and 8th, when outflows of $64.7 million and $18.6 million were recorded, primarily linked to Fidelity’s FBTC. After a brief hiatus in in