U.S.-led crypto ETPs attract $1.79B in April

U.S.-listed crypto exchange-traded products recorded $1.79 billion in net inflows in April as Bitcoin rose 11.87%. Total crypto ETP assets reached $158.7 billion. U.S. listings accounted for roughly $1.70 billion of the inflows.

Bitcoin-linked products captured $1.52 billion of net inflows, lifting category assets to $128.1 billion from $104.6 billion at the end of March. Major crypto indexes showed gains in April, with a 20-asset benchmark up 5.45% and a top-5 benchmark up 9.91%.

Ether-linked products posted $150.9 million in net inflows, bringing Ether-related assets to $18.35 billion. Diversified multi-asset ETPs returned to positive flows with $1.2 million in net inflows and $2.40 billion in assets after $26.3 million of outflows in March.

Among altcoins, Solana-linked products attracted $46.1 million (AUM $2.59 billion), XRP products drew $32.5 million (AUM $2.56 billion) and Chainlink products added $1.4 million (AUM $166 million).

The inflows were concentrated in a small group of U.S.-listed funds. iShares Bitcoin Trust registered $937.0 million of net inflows and held about $65.77 billion in assets. Fidelity’s Wise Origin Bitcoin Fund added $398.7 million (AUM $15.24 billion) and the ARK 21Shares Bitcoin ETF drew $163.2 million (AUM $3.13 billion). iShares’ Ethereum Trust gained $92.0 million (AUM $7.37 billion) and NEOS Bitcoin High Income ETF added $48.5 million (AUM $1.27 billion).

By region, the Americas recorded roughly $1.71 billion in net inflows, driven almost entirely by U.S. listings at about $1.70 billion. Canada contributed $13.9 million and held $5.69 billion in assets. U.S.-domiciled ETFs ended April with $135.0 billion in assets, representing 85.1% of the global total.

European net inflows moderated to about $68.8 million, led by Switzerland ($34.6 million), Jersey ($29.3 million) and Liechtenstein ($10.7 million). APAC flows slowed to about $2.2 million, led by Hong Kong ($1.3 million) and Australia ($0.8 million).

By currency, U.S. dollar-denominated products recorded $1.77 billion in net inflows and held $149.9 billion in assets. Canadian-dollar products added $17.9 million (AUM $4.80 billion). Euro-denominated products were effectively flat at minus $0.1 million (AUM $1.51 billion). Sweden’s krona added $0.5 million (AUM $1.70 billion) and Australia’s dollar added $0.8 million (AUM $0.72 billion).

The three largest recipients-iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF-represented about 84% of the top-10 net inflows. Nine of the ten largest gainers posted positive net flows in April.