Mixed sentiment as crypto funds see modest $6M inflows — CoinShares

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Coin Telegraph 2d ago

Mixed sentiment as crypto funds see modest $6M inflows — CoinShares - Coin Telegraph

Quick Summary:

Crypto investment products saw inflows of $6 million during the week of April 14–18, reflecting mixed investor sentiment, CoinShares reported on April 22.“While the week began with minor inflows, stronger-than-expected US retail sales figures mid-week likely triggered outflows of $146 million,” CoinShares’ head of research James Butterfill wrote.

All US Bitcoin ETFs are red in April so farAccording to the report, BlackRock’s iShares exchange-traded funds saw the biggest inflows last week at $182 million, while major issuers like Fidelity saw $123 million of outflows from the issuer’s crypto ETPs.

Related: BlackRock reports $3B in digital asset inflows during Q1Year-to-date, BlackRock’s iShares ETFs are solid with more than $3 billion of inflows, with the majority of issuers being in red, except for Proshares with $340 million of inflows and Cathie Wood’s ARK with $19 million YTD.XRP stood out with $37.7 million inflowsAsset-wise, Ether (ETH) saw the largest ETP outflows among other cryptocurrencies last week, totaling $26.7 million.