The streak lives—but barely. Bitcoin ETFs recorded just $14.45 million in net inflows on April 25, marking the ninth consecutive day of positive flows. The figure represents a dramatic slowdown from the prior day's $223 million, showing diminishing momentum beneath the headline number.
BlackRock's IBIT Dominates, ARKB and BITB Bleed
BlackRock's IBIT again served as the primary demand engine, pulling in $22.88 million. Morgan Stanley's MSBT added another $11.13 million, reinforcing its steady growth among newer issuers. Yet selling pressure was widespread: Ark & 21Shares' ARKB bled $9.02 million, Bitwise's BITB lost $8.85 million, and Fidelity's FBTC shed $1.69 million. Inflows barely outweighed outflows. Total trading volume reached $1.83 billion, with net assets closing at $102.64 billion.
Ether ETFs Return to Positive Territory, Flows Highly Concentrated
Ether ETFs reversed the prior day's outflow, netting $23.38 million. The recovery was overwhelmingly concentrated in a single product: BlackRock's ETHB, which brought in $32.25 million. However, outflows from BlackRock's ETHA ($7.71M) and Fidelity's FETH ($1.16M) partially offset the gain. Trading volume stood at $459.88 million, with net assets at $13.79 billion. The data suggests investors are becoming more selective within ether exposure, favoring specific ETF structures over broad allocations.
XRP Keeps Climbing, Solana Slides
XRP ETFs continued their steady ascent, adding $6.44 million, led by Bitwise's XRP product. Trading volume hit $8.41 million, pushing net assets to $1.10 billion. Solana ETFs went the other way, posting a $1.17 million outflow. VanEck's VSOL accounted for most of the damage with a $1.43 million exit, partially offset by Fidelity's FSOL's $255,680 inflow. Solana ETF volume was $58.12 million, with net assets at $883.25 million.
The broader picture is one of deceleration, not collapse. Bitcoin's streak holds but with much lighter fuel. Ether regained ground but via a narrow funnel. XRP stays on a rising trend, while Solana faces a mild reversal. The market appears to be settling into a more cautious phase after last week's rally.