Crypto ETPs See $1.1B Inflows: Ethereum Posts First Gains in a Month

Global crypto ETPs pulled in $1.1 billion during the week of April 6-12. That makes it the second-largest weekly inflow of 2026, behind only the $2.17 billion recorded in mid-January. Bitcoin products led with $871 million, while Ethereum funds posted their first positive week in four.

Bitcoin accounts for 83% of total inflows

$871 million of the $1.1 billion went to Bitcoin products. Year-to-date, Bitcoin ETPs have attracted $1.9 billion, which is 83% of the $2.3 billion in total crypto ETP inflows for 2026. US spot Bitcoin ETFs alone recorded $786.3 million in inflows for the week, according to SoSoValue.

Short-Bitcoin funds also saw action: $20 million in inflows, the largest weekly total since November 2024. Part of the market is positioned for gains and losses at the same time. That is normal for an indecisive stretch.

Ethereum breaks its losing run

Ethereum funds attracted $196.5 million for the week. That is the first positive reading after three straight weeks of outflows. The year-to-date figure is still in the red though, at minus $130 million. Among major crypto assets, Ethereum is one of the few that has not yet recovered to positive territory for 2026.

Among smaller assets: XRP ETPs recorded $19 million in inflows. Solana ETPs shed $2.5 million, the only net outflow among the five largest assets for the week.

95% of inflows came from the US

The US accounted for $1 billion, or 95% of total weekly inflows. Germany added $34.6 million, Canada $7.8 million, Switzerland $6.9 million. American spot ETFs drove almost all of the weekly gains. Regulated US ETFs remain the primary channel for large capital entering crypto.

Two factors behind the demand spike

Butterfill pointed to two drivers. First, tentative Iran ceasefire developments eased geopolitical pressure and gave risk assets room to move. Second, US CPI and consumer spending data came in below forecasts, which strengthened bets on Federal Reserve easing.

Bitcoin climbed back above $70,000 and briefly hit $73,000 during the same week. Most of the ETP inflows came after that price move, not before. Some investors entered during the rebound, not at the bottom.

What comes next

Two consecutive weeks of billion-dollar inflows. A signal, not a guarantee. Ethereum just ended a run of outflows but the year-to-date deficit is still open. The test is whether institutional demand holds through the next bout of volatility, or pulls back again.