Crypto ETF markets made a strong comeback on April 9, with combined net inflows of $443 million for Bitcoin and Ether products. Bitcoin ETFs led the charge at $358.17 million, while Ether ETFs contributed $85.19 million. In contrast, XRP ETFs saw a small outflow and Solana ETFs recorded zero flows.
Bitcoin ETFs: Blackrock IBIT Dominates, Zero Outflows
Bitcoin ETFs reversed the previous day's losses, posting $358.17 million in net inflows. All major funds saw positive flows, with Blackrock's IBIT alone accounting for $269.34 million, roughly three-quarters of the total. Fidelity's FBTC added $53.33 million, and Morgan Stanley's newly launched MSBT contributed $14.87 million. Other contributors included Bitwise's BITB ($11.73M), Ark & 21Shares' ARKB ($4.78M), VanEck's HODL ($2.04M), and Franklin's EZBC ($2.08M). Total trading volume reached $1.99 billion, pushing net assets to $93.29 billion.
Ether ETFs: Mixed within the Group, ETHA Shines
Ether ETFs collectively attracted $85.19 million, but performance varied. Blackrock's ETHA led with $90.94 million, and its ETHB product added $13.67 million. Grayscale's Ether Mini Trust contributed $9.67 million. However, outflows were seen at Fidelity's FETH ($20.98M), 21Shares' TETH ($5.53M), Franklin's EZET ($1.68M), and Grayscale's ETHE ($0.9M). Despite these redemptions, net flows remained positive. Trading volume stood at $831.08 million, with net assets at $12.69 billion.
XRP and Solana: Capital Stays Away
XRP ETFs experienced a modest outflow of $661,160, entirely from 21Shares' TOXR fund. Trading volume was a mere $11.03 million, and net assets were $955.13 million. Solana ETFs recorded zero flows, with net assets unchanged at $803.03 million. This highlights persistent investor caution toward altcoin ETFs beyond the top two.
Market Outlook: Concentration and Confidence Building
The April 9 data suggests that capital is returning to crypto ETFs, but with a clear preference for established, high-liquidity products. Bitcoin and Ether remain the primary beneficiaries, while XRP and Solana lag behind. As major players like Blackrock continue to drive inflows, the structural divide within the crypto ETF landscape is likely to persist. Investors appear to be gradually rebuilding confidence, but full market recovery may still take time.