Bitcoin and Ethereum ETFs Attract Record Inflows in April

April saw a surge in investments into spot bitcoin and Ethereum exchange-traded funds (ETFs), according to recent data from SoSoValue.

The total inflows into spot bitcoin ETFs reached $1.97 billion, marking the second consecutive month of positive momentum for these funds.

This trend is reflected in the performance of individual Bitcoin-based ETFs, with four funds experiencing significant investment inflows: IBIT ($284.39 million), FBTC ($213.36 million), ARKB ($88.46 million), and BITB ($27.25 million).

On the other hand, six ETFs did not receive any assets under management during this period.

Meanwhile, spot Ethereum-based ETFs attracted $355.98 million in investments, with five funds experiencing notable inflows: FETH from Fidelity ($49.39 million), ETHA from BlackRock ($43.16 million), ETHB from iShares ($5.93 million), TETH from 21Shares ($1.38 million), and ETHW from Bitwise ($1.32 million).

Additionally, altcoin-based exchange-traded funds also saw positive results in April, with notable inflows into XRP-ETF ($81.59 million), Solana-ETF ($38.69 million), AVAX-ETF ($14.23 million), and LINK-ETF ($12.95 million).

The Hong Kong market also experienced a mix of inflows and outflows during this period, with 58.23 BTC flowing in and 272.18 ETH flowing out.