Weekly recap of Bitcoin, Ethereum, Solana, and XRP ETF performance

On the 8th of April, both the U.S. and Iran called for an ‘immediate ceasefire,’ triggering sharp reactions in the crypto market. Similar patterns were seen in the ETF market, though altcoins showed mixed momentum, reflecting varied institutional investor sentiment over the past week. Spot Bitcoin ETF analysis Last week started with the cumulative Spot Bitcoin [BTC] ETF recording $471.4 million in inflows, in which BlackRock’s IBIT recorded the highest inflow worth $181.9 million, followed by Fidelity’s FBTC with $147.3 million. Ark Invest’s ARKB also saw inflows worth $118.8 million, whereas Grayscale recorded inflows worth $17.6 million. Meanwhile, others recorded minimal to zero flows. However, on the 7th of April, Bitcoin ETFs saw outflows worth $159.1 million, in which Fidelity’s FBTC recorded the maximum outflows worth $47.8 million. Following the trail was Grayscale’s GBTC, which recorded $41.9 million in outflows, whereas BlackRock’s IBIT saw $17.1 million flowing out. Even on the 8th of April, when the ceasefire was announced, the outflows continued, with the cumulative BTC ETF recording $93.9 million in outflows. On this day, only Fidelity’s FBTC, Ark Invest’s ARKB, and Grayscale’s GBTC recorded outflows worth $79.1 million, $74.7 million, and $11.1 million, respectively.  All other ETFs recorded inflows, with IBIT leading at $40.4 million. Interestingly, things changed on the 9th and 10th of April, wherein $358.1 million and $240.2 million, respectively, flowed into the BTC ETFs. On both these days, IBIT received maximum inflows worth $269.3 million and $137.6 million, respectively. Whereas Grayscale’s GBTC recorded zero flows on both days.  The winner in Spot ETH ETF The Spot Ethereum [ETH] ETF mirrored the BTC ETFs' momentum. On the 6th of April, the ETH ETF saw inflows worth $120.2 million, wherein BlackRock’s ETHA recorded the highest inflows worth $60.8 million, followed by Fidelity’s FBTC with $40.1 million. Consequently, on the 7th of April and the 8th of April, ETH ETFs saw outflows worth $64.7 million and $18.6 million, respectively. Fidelity’s FBTC led the withdrawals on both days, followed by BlackRock’s ETHA. Interestingly, on the 8th of April, BlackRock’s ETHB recorded maximum inflows of $44.2 million. However, on the 9th of April, sentiment shifted, and ETH ETFs recorded inflows worth $85.2 million. On this day, ETHA saw the highest inflows, worth $90.9 million. On the contrary, Fidelity’s FETH topped the list of outflows with $21 million. Then on the last days of the week, the ETH ETF saw inflows of $64.9 million, in which BlackRock’s ETHA saw maximum inflows worth $53.7 million, whereas other ETFs saw minimal to zero inflows. FETH was the only one to see outflows worth $0.6 million.  Did Spot Solana ETFs mirror similar patterns? According to Farside Investors, the Spot Solana [SOL] ETF showed a slightly different pattern compared to the other ETFs mentioned. On the 6th of April, SOL ETFs recorded zero flows. Over the next two days, however, they saw outflows of $15.3 million and $2 million, respectively. On the 7th of April, Bitwise’s BSOL led with $13.3 million in outflows, followed by Grayscale’s GSOL at $1.8 million and Fidelity’s FSOL at $0.2 million, while other ETFs posted zero flows. The 9th of April once again saw no activity. However, SOL ETFs saw inflows worth $11.5 million on the 10th of April. Notably, all of this came from Bitwise’s BSOL, while the other ETFs posted zero flows. What about Spot XRP ETFs? Ripple [XRP] ETFs recorded zero flows on the 6th of April, followed by $3.32 million in inflows the next day. On the 8th of April, flows returned to zero, and by the 9th of April, the ETF saw modest outflows of $661,160. However, on the last day of the last week, Spot XRP ETFs saw inflows worth $9.09 million. Final Summary Spot Bitcoin ETF and Spot Ethereum ETF followed a similar pattern in the past week. Both the Spot XRP ETF and Spot SOL ETF saw a mix of inflows and outflows, reflecting cautious investor sentiment.