The shortened trading week ahead of the Easter holiday concluded with a clear divergence in the cryptocurrency ETF space. Bitcoin ETFs returned to positive territory with a modest $8.99 million inflow, while Ether ETFs experienced a sharp $71.1 million outflow, deepening their recent losing streak. Meanwhile, lesser-known assets like XRP and Solana recorded minor inflows, suggesting selective interest from investors.
Bitcoin ETFs: Fidelity and VanEck Lead the Charge
According to data released on Thursday, April 3, Bitcoin ETFs ended the week on a steadier note, reversing two days of outflows. The net inflow of $8.99 million was driven primarily by Fidelity’s FBTC, which attracted $7.29 million, and VanEck’s HODL, which brought in $4.74 million. However, not all funds participated: BlackRock’s IBIT recorded a $3.04 million outflow, but that was insufficient to tip the overall balance into negative territory. Total trading volume across Bitcoin ETFs reached $1.97 billion, with net assets settling at $86.22 billion.
Ether ETFs: Sustained Selling Pressure
The situation for Ether ETFs was starkly different. The sector saw a massive $71.1 million in net outflows, extending a recent trend of weakness. BlackRock’s ETHA led the decline with a $46.66 million exit, followed by Grayscale’s ETHE at $16.80 million and Fidelity’s FETH with $7.70 million in outflows. Notably, no Ether ETF reported any inflows on Thursday. Trading volume amounted to $970.16 million, while net assets fell to $11.70 billion. The persistent outflows suggest investor skepticism toward Ether’s near-term prospects, possibly driven by macroeconomic uncertainties or competitive pressures from other layer‑1 blockchains.
XRP and Solana ETFs: Modest Inflows in a Divided Market
Beyond the two largest cryptocurrencies, XRP and Solana ETFs posted small but positive net inflows. XRP ETFs recorded a net inflow of $64,600, reflecting a split within the fund mix. Bitwise’s XRP fund added $1.31 million, while Canary’s XRPC fund saw an outflow of $1.25 million, resulting in a modest net positive. Trading volume for XRP ETFs stood at $14.02 million, with net assets of $916.73 million.
Solana ETFs fared slightly better, posting a net inflow of $932,800, entirely attributable to Fidelity’s FSOL fund. Trading activity reached $36.83 million, while net assets closed at $771.36 million. These small inflows indicate that some investors are selectively positioning themselves in altcoin ETFs, albeit with limited conviction relative to the size of the Bitcoin and Ether markets.
Market Outlook: Searching for Direction
The mixed performance across crypto ETFs on Thursday underscores a market in transition. While Bitcoin managed to attract modest inflows, the scale of Ether’s outflows highlights ongoing investor caution. The tiny inflows into XRP and Solana suggest niche interest rather than widespread optimism. As the market enters a holiday pause, participants will likely watch for macroeconomic signals—such as Federal Reserve policy updates or regulatory developments—that could provide clearer direction in the weeks ahead.