"Mixed Sentiment in Cryptocurrency Investment, $6M Inflow to ETPs Last Week: XRP Leads with $37.7M Inflows"

# Cryptocurrency Exchange-Traded Products Attract $6 Million Amid Investor Caution Cryptocurrency exchange-traded products (ETPs) garnered $6 million in inflows last week, marking a modest rebound following significant outflows over the previous two weeks. Despite the turnaround, investor sentiment remains divided, as indicated by data from crypto asset manager CoinShares. Between April 14 and April 18, global cryptocurrency ETPs experienced $6 million in inflows, a slight recovery from the over $1 billion withdrawn in the two weeks prior. CoinShares noted that assets under management (AUM) for crypto ETPs rose by 1.4%, climbing from $129 billion on April 11 to $131 billion on April 18. Nonetheless, an unforeseen U.S. retail sales report during the same period led to a substantial $146 million in outflows. # Varied Performance Among Issuers: BlackRock Leads While Major U.S. ETFs See Outflows Among issuers, BlackRock’s iShares ETFs recorded $182 million in net inflows, the highest positive contribution. In contrast, major players like Fidelity, Grayscale, and ARK Invest reported net outflows, with Fidelity experiencing $123 million in withdrawals. Bitwise recorded $24 million in inflows, while Europe-based 21Shares added $37 million, standing out against the negative trend. Overall, U.S. cryptocurrency ETFs have documented net outflows in April. Notably, 21Shares has bucked the trend, achieving $28 million in net inflows this month alone. Since the start of the year, BlackRock has maintained its leading position with $3 billion in inflows. ProShares follows with $340 million, while ARK Invest has added $19 million year-to-date. # XRP Gains Favor as Ethereum Experiences Significant Outflows By asset class, XRP stood out with $37.7 million in net inflows, making it the most attractive asset during the period. Conversely, Bitcoin (BTC) saw $6 million in outflows, and Ethereum (ETH) experienced significant withdrawals totaling $26.7 million. Since April began, Bitcoin has suffered $894 million in net outflows. Despite this, it continues to lead on a year-to-date basis with $541 million in inflows, outperforming Ethereum at $215 million and XRP at $214 million. # Market Sentiment Stays Uncertain Amid Macro and Crypto-Specific Factors CoinShares remarked that the mixed market performance reflects a blend of macroeconomic uncertainty and short-term unpredictability within the cryptocurrency sector. This indicates that investors remain cautious, balancing broader economic indicators alongside sector-specific developments. As the broader market navigates these challenges, signs of recovery in certain segments, like XRP and select issuers such as 21Shares, imply differentiated strategies among investors. Nevertheless, the sector continues to battle volatility and shifting sentiment, highlighting the complexities of the current investment landscape.