Spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) drew $1.27 billion in combined net inflows during the week ending April 17. This marked their strongest week since mid-January.
Across the five major spot crypto ETF products, total weekly inflows reached roughly $1.37 billion, including XRP, Solana, and Chainlink funds, a near 40% jump from the prior week.
Crypto ETF Flows Rebound After Q1 Drawdown
Bitcoin ETFs pulled in $996.38 million, while Ethereum ETFs added $275.83 million, according to SoSoValue data. Both marked the largest weekly inflows since the week of January 16.
The rebound comes after a difficult first quarter. BTC ETF assets fell nearly 35% from their $128 billion mid-January high to $83.40 billion by February 27.
In addition, ETH ETF assets dropped 46% over the same period. Now, the inflow surge has pushed total Bitcoin ETF net assets back above $100 billion.
Moreover, the move extends a third straight week of positive BTC ETF flows and a second for Ethereum products.
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The recovery was not isolated to the two largest assets. XRP ETFs took in $55.39 million, nearly matching their 2026’s peak week in mid-January. Solana funds drew $35.17 million, reversing three consecutive weeks of outflows, while Chainlink ETFs added $5.30 million.
This marked the largest inflow outside its December launch week. Notably, LINK ETFs have not recorded a single week of net outflows.
Inflows picked up on the back of easing expectations around US–Iran tensions, but the backdrop remains fragile. Sentiment could come under renewed pressure after US naval forces fired on and seized an Iranian cargo ship in the Gulf of Oman, marking a clear escalation in the conflict.
“ETF inflows have added institutional depth, but Bitcoin remains more macro-sensitive than gold. What connects them is that both are now being taken seriously as alternatives to conventional monetary risk. That is a meaningful shift. Where it goes from here depends on whether institutions treat that as a trade or a structural allocation,” Jai Bifulco, Founding Member of Kinesis Money, told BeInCrypto.
At the same time, uncertainty surrounding Iran’s participation in the upcoming talks in Islamabad has added to market caution. Geopolitical developments, including the trajectory of negotiations and potential retaliation risks, are likely to remain a key driver of market sentiment in the near term.
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