Crypto exchange-traded funds extended their momentum on April 22, with bitcoin and ether both attracting fresh institutional capital. Bitcoin ETFs recorded $335.8 million in net inflows, marking a seventh consecutive day of gains. Ether ETFs followed with $96.4 million in net inflows, pushing their streak to 10 straight trading days. The latest figures suggest that demand for regulated crypto exposure remains firmly concentrated in the two largest digital assets, while smaller products continue to see more selective participation.
Bitcoin ETFs Reclaim Scale With Strong Daily Demand
The bitcoin ETF segment delivered another broad-based inflow session, though BlackRock once again stood at the center of the move. Its IBIT fund brought in $246.9 million, accounting for the majority of the day’s total net inflows. Fidelity’s FBTC added $56.7 million, while Bitwise’s BITB attracted $15.4 million and Ark & 21Shares’ ARKB gained $11.9 million.
Additional support came from several smaller products. Morgan Stanley’s MSBT posted $11.3 million in inflows, Wisdomtree’s BTCW added $6.26 million, and Vaneck’s HODL brought in $3.9 million. The only notable exception was Grayscale’s GBTC, which recorded a $16.6 million outflow, continuing the redemption pattern that has remained a recurring feature of the fund’s post-conversion trading history.
Trading activity in bitcoin ETFs remained elevated, with daily volume reaching $3.03 billion. Total net assets across the segment climbed back above a major milestone, rising to $100.98 billion. That return above the $100 billion threshold highlights the scale of the recent recovery in investor appetite and the increasing confidence behind the current inflow trend.
Ether ETFs Build a More Consistent Inflow Narrative
While bitcoin led in absolute dollar terms, ether continued to stand out for consistency. On April 22, ether ETFs posted $96.4 million in net inflows, extending their run to 10 consecutive days. Unlike bitcoin, where inflows were spread across more funds, ether activity was concentrated in a smaller number of products, but demand remained decisive.
BlackRock’s ETHA led the category with $53.6 million, followed closely by Fidelity’s FETH at $40.62 million. Grayscale’s Ether Mini Trust added $11.37 million, indicating continued interest in lower-cost vehicles for ether exposure. At the same time, Grayscale’s legacy ETHE product saw a $9.2 million outflow, partially offsetting gains elsewhere but not enough to change the overall positive picture.
Ether ETF trading volume came in at $813.35 million, while total net assets for the category rose to $13.94 billion. The data points to a market in which ether is not only benefiting from short-term buying interest but is also developing a more durable institutional flow pattern.
XRP Sees Limited Gains as Solana Activity Stalls
Beyond bitcoin and ether, the ETF landscape was more subdued. XRP ETFs recorded a modest $2.42 million in net inflows, with Bitwise’s product cited as the main contributor. Trading volume for XRP ETFs reached $11.07 million, and net assets climbed to $1.09 billion. While positive, the figures show that interest in XRP remains far smaller in scale than the demand seen in the two leading crypto ETF categories.
Solana ETFs, by contrast, showed no trading activity during the session and posted zero flows for the second day in a row. Net assets held steady at $887.92 million, suggesting a pause in investor engagement after earlier inflow sessions. The contrast between strong activity in bitcoin and ether products and stagnation in solana underscores the market’s selective approach to crypto ETF allocations.
Institutional Preference Remains Focused on Core Assets
The broader pattern is becoming increasingly clear. Bitcoin continues to attract large-scale allocations through established ETF vehicles, supported by deep liquidity and broad investor familiarity. Ether, meanwhile, is building a steadier and more consistent inflow profile, which may be just as significant from a sentiment perspective. Together, the two assets are shaping the current phase of the crypto ETF market.
At the same time, the relatively muted performance of XRP and the inactivity in solana products suggest that institutional capital is still prioritizing core exposures over broader diversification within crypto ETFs. For now, the recovery in fund flows appears to be led by scale, liquidity, and product familiarity rather than a uniform rise across all digital asset segments.
With bitcoin ETFs back above $100 billion in net assets and ether ETFs extending a 10-day inflow streak, the latest session adds to evidence that the rebound in crypto investment products is no longer tentative. It is increasingly defined by sustained participation and repeat demand from investors using regulated vehicles to gain access to the market.