Key points to remember:
- Ether ETFs added $43.36 million to extend their entry streak to nine days, led by Blackrock ETHA, showing strong demand.
- Bitcoin ETF gained just $11.84 million, with IBIT inflows offsetting large outflows, signaling fragility.
- XRP And Solana flows were zero on April 21, suggesting ETF momentum may be slowing.
Bitcoin ETF Add a modest $12 million as Ether extends its streak
Momentum continues, but is waning slightly. Cryptocurrency exchange-traded funds (ETFs) extended their inflow streak on Tuesday, April 21, led decisively by etherwhile bitcoinThe gains have been reduced to marginal progress. Beneath the surface, the balance between inputs and outputs becomes more fragile.
Ether ETFs once again set the pace, collecting $43.36 million and extending their inflow streak to nine consecutive days. The demand was broad but not without resistance.
Blackrock’s ETHA leads with $37 million, while its ETHB product added $15.46 million, solidifying its steady rise as a preferred vehicle. Grayscale’s Ether Mini Trust contributed $3.93 million, and Bitwise’s ETHW added $1.99 million.
Capital outflows persisted in old funds. Grayscale’s ETHE lost $12.14 million and Fidelity’s FETH saw an outflow of $1.99 million. Even so, capital inflows were strong enough to propel the segment firmly into positive territory. Trading volume reached $648.88 million, with net assets closing at $13.66 billion.
Bitcoin ETFs extended their collection streak to six consecutive days, but only just. The group recorded a modest net inflow of $11.84 million, reflecting a day of competing forces.
Blackrock’s IBIT remained the anchor, pulling in $39.34 million. Grayscale Bitcoin Mini Trust added $17.26 million and Morgan Stanley’s MSBT continued its steady rise with $10.80 million in inflows.
However, the selling pressure was widespread. Grayscale’s GBTC led the outflows at $17.51 million, followed by Ark & 21Shares’ ARKB at $14.52 million. Bitwise’s BITB lost $12.70 million, Fidelity’s FBTC lost $6.55 million, and Vaneck’s HODL saw an outflow of $4.27 million.
The net result was positive, but only just. Trading volume stood at $1.86 billion, with net assets rolling to $99.08 billion.
Elsewhere, activity is at a standstill. XRP The ETFs saw no inflows, with net assets of $1.07 billion. Solana ETFs were also inactive, closing the day at $863.18 million.
The divergence is becoming more and more pronounced. Ether creates a steady inflow trend with wider participation. Bitcoinwhile still positive, is increasingly reliant on a smaller group of dominant funds to offset persistent capital outflows elsewhere. The trend is intact, but the balance is tightening.
