Crypto ETF: Bitcoin, Ethereum Funds Record Massive Inflows of $731M
This influx follows a series of crypto ETF outflows around the end of April. On April 29, Bitcoin ETFs experienced net outflows of $137.6 million. Also, on April 30, it experienced a net outflow of 23.5 million. Previously, there was a bigger outflow of funds of $263.2 million as of April 27. On May 1, Ethereum ETFs saw an addition of $101.2 million, a reversal of a clear outflow pattern. During the days before the rebound, Ether ETF products recorded withdrawals totaling $87.8 million on April 29 and $23.7 million on April 30. Ethereum ETFs Inflow Data | Source: Farside Investors There were also crypto ETF outflows for ETH earlier in the month. Ethereum ETFs saw redemptions of $75.9 million on April 23 and $50.4 million on April 27, as sustained redemptions preceded inflows as they returned. According to the XRP Insights data, XRP ETF products are growing more slowly. The total assets under management are estimated to be $1.12 billion. Around 828.33 million XRP are locked, which is approximately 0.8283% of the total supply. The weekly net inflow is 11.28 million XRP, or about $15.68 million. However, despite ETF inflows, there were zero flows into Solana ETF products. Whats Next for Bitcoin Price? Meanwhile, analyst Michaël