Crypto exchange-traded funds continued to attract fresh capital on April 22, with both bitcoin and ethereum products posting another day of solid inflows. The latest session underscored a pattern that now looks broader than a short-term rebound: institutions are still allocating heavily to spot bitcoin ETFs, while ethereum ETFs are building an even longer streak of steady demand.
According to the reported figures, bitcoin ETFs recorded $335.8 million in net inflows, extending their run to seven consecutive days. At the same time, ethereum ETFs brought in $96.4 million, pushing their inflow streak to 10 straight days. XRP products posted a modest gain, while Solana products saw no new inflows for a second consecutive session.
Bitcoin ETFs Cross Another Strong Session
Bitcoin remained the dominant destination for institutional crypto capital. The biggest contributor was once again BlackRock’s IBIT, which led the field with $246.9 million in inflows. That made IBIT the clear anchor of the day’s buying activity and reinforced its position as the market’s main liquidity magnet in the U.S. spot bitcoin ETF segment.
Fidelity’s FBTC followed with $56.7 million in net inflows. Bitwise’s BITB added $15.4 million, while ARK and 21Shares’ ARKB contributed $11.9 million. Additional positive flows came from Morgan Stanley’s MSBT at $11.3 million, WisdomTree’s BTCW at $6.26 million, and VanEck’s HODL at $3.9 million.
Not every fund joined the advance. Grayscale’s GBTC posted $16.6 million in net outflows, continuing the redemption trend that has periodically weighed on overall category totals. Even so, aggregate demand was more than enough to keep the broader market firmly in positive territory.
Trading activity also accelerated. Daily volume across bitcoin ETFs reached $3.03 billion, while total net assets climbed back above the symbolic $100 billion level to $100.98 billion. That recovery in assets suggests that the recent rebound has not been limited to price action alone; it is being matched by renewed investor participation and deeper capital commitments.
Ethereum ETFs Show Persistent Demand
If bitcoin ETFs are demonstrating scale, ethereum ETFs are showing consistency. The category attracted $96.4 million in net inflows on the day, marking its 10th consecutive session of positive flows. While inflows were concentrated in a small number of products, the persistence of the streak stands out as a key signal for the market.
BlackRock’s ETHA led ethereum ETF inflows with $53.6 million, followed by Fidelity’s FETH with $40.62 million. Grayscale’s Ether Mini Trust added $11.37 million, indicating that lower-cost structures continue to appeal to investors seeking ether exposure. Offsetting part of that demand, Grayscale’s ETHE recorded $9.2 million in outflows, but the category still finished the day with a strong net positive result.
Ethereum ETF trading volume came in at $813.35 million, and total net assets rose to $13.94 billion. Compared with bitcoin, ethereum’s ETF market remains smaller in absolute size, but the uninterrupted inflow streak points to durable and steady institutional interest rather than one-off bursts of buying.
Selective Appetite Beyond the Two Largest Assets
Outside bitcoin and ethereum, investor behavior appeared more selective. XRP ETFs recorded a modest $2.42 million in net inflows, with the move reportedly led mainly by a Bitwise product. Trading volume in the XRP ETF segment reached $11.07 million, while total net assets climbed to $1.09 billion.
Solana products, by contrast, showed no trading activity during the session and registered zero net inflows for a second straight day. Total net assets in Solana ETFs were unchanged at $887.92 million. After previous inflow activity, the lack of fresh capital suggests a pause in momentum rather than a broad-based expansion across all crypto ETF categories.
What the Flow Picture Suggests
The latest ETF data points to a market that is recovering, but not evenly. Capital is still concentrating in the largest and most established crypto assets, with bitcoin capturing the biggest dollar allocations and ethereum benefiting from a more extended run of sustained demand. Smaller products such as XRP are drawing incremental interest, while Solana appears to be in a waiting phase.
That divergence matters. It suggests investors are not simply buying “crypto” as a single theme, but are making distinctions between assets based on liquidity, perceived maturity, and product structure. In practical terms, BlackRock and Fidelity remain dominant channels for institutional allocation, while Grayscale continues to see mixed outcomes depending on the product and fee profile involved.
For now, the broader takeaway is straightforward: the rebound in crypto ETFs is still intact, and the momentum appears to be strengthening rather than fading. Bitcoin’s seven-day inflow streak and ethereum’s 10-day streak together present a picture of renewed confidence, especially among larger investors using regulated fund vehicles to gain digital asset exposure.
Whether this trend extends further will depend on market conditions, price stability, and continued demand from institutions. But as of the latest session, bitcoin and ethereum ETFs remain the clear focal point of capital rotation in the crypto investment landscape.