A detailed analysis of the exchange-traded funds (ETFs) market from April 20 to April 24 reveals significant inflows into Bitcoin and Ethereum ETFs, while altcoin ETFs such as Solana and XRP demonstrated mixed results.

Bitcoin ETF Performance

The Spot Bitcoin ETF market began the week strongly on April 20, with a total inflow of $238.4 million. BlackRock’s IBIT led the inflows with $256 million, while Grayscale’s GBTC experienced outflows of $24.9 million.

Mid-Week Fluctuations

On April 21, Spot BTC ETFs recorded minimal inflows of $11.8 million. Despite IBIT’s $39.3 million inflow, outflows from Fidelity’s FBTC, Bitwise’s BITB, Ark Invest’s ARKB, VanEck’s HODL, and GBTC offset the gains.

April 22 saw a significant rebound, with cumulative BTC ETF inflows reaching $335.8 million, again led by IBIT at $246.9 million. The following day, April 23, inflows totaled $223.3 million, although GBTC recorded zero flows.

Inflows weakened to $14.4 million by the end of the week on April 24, with most asset managers reporting no significant flows.

Ethereum ETF Performance

Spot Ethereum ETFs mirrored the trend of Bitcoin ETFs. On April 20, ETH ETFs recorded inflows of $67.8 million, with BlackRock’s ETHA leading at $76.1 million, while Grayscale’s ETHE saw outflows of $17.1 million.

Weekly Trends in Ethereum

Inflows decreased to $43.3 million on April 21, with ETHA and Fidelity’s FETH as the top performers. The week’s highest inflows occurred on April 22, totaling $96.4 million, again with ETHA and FETH leading.

April 23 saw a shift, with outflows of $75.9 million, primarily from FETH at $51.3 million. Inflows returned on April 24, with ETH ETFs recording $23.4 million.

Altcoin ETF Performance & New ETF Launch

Other altcoin ETFs showed varied performance. The Solana ETF saw minimal inflows, starting with $3.1 million on April 20, followed by zero flows on April 21 and 22.

A brief surge on April 23 brought $7.3 million in inflows, but this was short-lived, with outflows of $1.1 million recorded on April 24. XRP ETFs were mostly in inflows, with only April 21 recording zero flows.

The week also marked the debut of GSR’s Crypto Core3 ETF, ticker BESO, which saw nearly $5 million in trading volume on its first day.