April witnessed important developments in cryptocurrency ETFs. Bitcoin ETFs recorded $1.97 billion inflows in a single month; This figure surpassed the level of 1.37 billion dollars in March. The increase in question occurred in parallel with the 12 percent increase in the price of Bitcoin throughout April. This performance was recorded as the highest level since April last year.
IBIT became the leader in Bitcoin ETFs
iShares Bitcoin Trust ETF (IBIT), offered by BlackRock, attracted attention as the prominent fund in the sector. IBIT topped the market by providing net inflows of approximately $2 billion in April. On the other hand, there was an outflow of $280 million in Grayscale Investments’ Bitcoin Trust ETF (GBTC). This difference reveals the strength of investor interest and preferences.
Morgan Stanley Bitcoin Trust ETF (MSBT), which began trading on April 8, saw no negative flows throughout April from the day it opened. The fund finished the month with a total inflow of approximately $194 million. Although there were short-term outflows in Bitcoin ETFs in the last days of the month, this decrease was limited to $ 490 million in total in three days and did not change the positive flow in the general picture.
Latest chart and other cryptocurrency ETFs
Thanks to the strong inflows in March and April, the outflows experienced at the beginning of the year were compensated. Thus, there has been a total net inflow to Bitcoin ETFs of $1.47 billion since the beginning of 2026. The total inflow since the launch of the products has exceeded 58 billion dollars.
According to data for April, there was an inflow of $356 million in Ethereum ETFs. This marks the first positive month since October 2025. However, a total loss of $413 million in Ethereum ETFs continues since the beginning of the year. Significant amounts of money have also flowed into XRP funds; The $81.6 million entry stood out as the best monthly performance since December.
XRP funds recorded their strongest performance since December with an inflow of $81.6 million in April.
Solana ETFs experienced an inflow of $38.7 million, marking the lowest level ever seen on a monthly basis. The $2 million collected by Dogecoin ETFs in April was considered remarkable compared to the overall volume of the fund.
Focus and risk are increasing in the market
During this period, a clear trend was observed throughout the sector: Fund inflows are now concentrated in a single centre. The weight of IBIT in total inflows has increased significantly and this has continued since the beginning of the year. Experts point out that this monocentricity in funds may lead to fluctuations in the market if there is any regulatory or operational problem in the issuing company.
In addition, the ongoing outflows in Grayscale’s GBTC fund show that investors are turning to the new generation, more cost-advantageous ETF structure. On the other hand, in May, major financial institutions in America are expected to officially announce their crypto ETF positions in the first quarter within the scope of the 13F reporting season.
