Key Takeaways:
- Ether ETFs added $43.36 million to extend their inflow streak to nine days, led by Blackrock ETHA, showing strong demand.
- Bitcoin ETFs gained just $11.84 million as IBIT inflows offset broad outflows, signaling fragility.
- XRP and Solana saw zero flows on April 21, suggesting ETF momentum might be slowing.
Bitcoin ETFs Add Modest $12 Million as Ether Extends Streak
The momentum is holding, but it is thinning at the edges. Crypto exchange-traded funds (ETFs) extended their inflow streak on Tuesday, April 21, led decisively by ether, while bitcoin’s gains narrowed to a marginal advance. Beneath the surface, the balance between inflows and outflows is becoming more fragile.
Ether ETFs once again set the tone, pulling in $43.36 million and extending their inflow streak to nine consecutive days. The demand was broad but not without resistance.
Blackrock’s ETHA led with $37 million, while its ETHB product added $15.46 million, reinforcing its steady rise as a preferred vehicle. Grayscale’s Ether Mini Trust contributed $3.93 million, and Bitwise’s ETHW added $1.99 million.
Outflows persisted in legacy funds. Grayscale’s ETHE shed $12.14 million, and Fidelity’s FETH saw $1.99 million exit. Even so, the inflows were strong enough to carry the segment firmly into positive territory. Trading volume reached $648.88 million, with net assets closing at $13.66 billion.
Bitcoin ETFs extended their streak to six straight days of inflows, but only just. The group recorded a modest $11.84 million net inflow, reflecting a day of competing forces.
Blackrock’s IBIT remained the anchor, drawing $39.34 million. Grayscale’s Bitcoin Mini Trust added $17.26 million, and Morgan Stanley’s MSBT continued its steady climb with $10.80 million in inflows.
Yet selling pressure was widespread. Grayscale’s GBTC led outflows at $17.51 million, followed by Ark & 21Shares’ ARKB at $14.52 million. Bitwise’s BITB lost $12.70 million, Fidelity’s FBTC shed $6.55 million, and Vaneck’s HODL saw $4.27 million exit.
The net result was positive, but only narrowly so. Trading volume came in at $1.86 billion, with net assets slipping to $99.08 billion.
Elsewhere, activity stalled. XRP ETFs recorded no flows, with net assets holding at $1.07 billion. Solana ETFs were similarly inactive, closing the day at $863.18 million.
The divergence is becoming more pronounced. Ether is building a steady inflow trend with broader participation. Bitcoin, while still positive, is increasingly reliant on a smaller group of dominant funds to offset persistent outflows elsewhere. The trend is intact, but the balance is tightening.
