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According to data from Trader T (@thepfund), on April 29, Bitcoin spot ETFs recorded a net outflow of $137.75 million. BlackRock’s IBIT led with an outflow of $54.7 million, followed by Fidelity’s FBTC at $36.13 million, Ark’s ARKB at $30.04 million, Grayscale’s GBTC at $21.15 million, and Franklin’s EZBC at $6.54 million. Morgan Stanley’s MSBT posted a net inflow of $10.81 million, while the remaining products saw no change.
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded net inflows of $23.38 million. By product: BlackRock’s staking-enabled ETHB saw a single-day inflow of $32.25 million, serving as the primary contributor; BlackRock’s ETHA experienced outflows of $7.71 million, and Fidelity’s FETH saw outflows of $1.16 million; Bitwise, 21Shares, Invesco, Franklin, VanEck, and Grayscale’s respective products all registered zero net flows for the day.
According to data from Trader T (@thepfund), yesterday’s net inflow into Bitcoin spot ETFs stood at $14.47 million, a sharp decline from the $231.6 million recorded on April 23. By product: BlackRock’s IBIT saw inflows of $22.9 million, and Morgan Stanley’s MSBT recorded $11.13 million—top performers on the day; Fidelity’s FBTC experienced outflows of $1.69 million, Bitwise’s BITB saw $8.85 million in outflows, and ARK’s ARKB recorded $9.02 million in outflows; Invesco, Franklin, Valkyrie, VanEck, WisdomTree, and Grayscale’s respective products all reported zero net flows for the day.
According to data from SoSoValue, the XRP spot ETF recorded net inflows of $55.39 million during last week's trading sessions (Eastern Time, April 13 to April 17).The XRP spot ETF with the highest net inflows last week was the Bitwise ETF XRP, with weekly net inflows of $28.7566 million. Its historical total net inflows have now reached $417 million. Following that was the Franklin ETF XRPZ, with weekly net inflows of $19.7897 million. The historical total net inflows for XRPZ have reached $344 million.As of the time of writing, the total net asset value of XRP spot ETFs stands at $1.11 billion. The ETF net asset ratio (its market value as a percentage of XRP's total market cap) has reached 1.22%, and the historical cumulative net inflows have amounted to $1.27 billion.
According to Cointelegraph, JP Richardson, CEO of Exodus, stated that financial institutions have accelerated their participation in the cryptocurrency market this year—including stablecoin market capitalization reaching an all-time high, Morgan Stanley launching a Bitcoin ETF, Schwab opening a waitlist for spot Bitcoin trading, Franklin Templeton establishing a cryptocurrency division, and Fannie Mae accepting Bitcoin as collateral for loans. Unlike previous cycles, institutional investors have stood out during this bull run, while retail participation has declined sharply. Data from CryptoQuant analyst Darkfost shows that inflows into small accounts holding less than 1 BTC on Binance have hit a record low, with retail activity dropping to its lowest level in nine years. Some retail investors have shifted toward equities and commodities markets. Analysts attribute the absence of retail investors primarily to the cost-of-living crisis and inflationary pressures.
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded net inflows of $106 million, a significant increase compared to the previous day (April 8), when net inflows stood at $13.84 million. Specifically: BlackRock’s ETHA saw net inflows of $90.94 million; BlackRock’s staking version ETHB recorded net inflows of $13.67 million; Grayscale’s mini ETH ETF registered net inflows of $9.67 million; 21Shares’ TETH experienced net outflows of $5.53 million; Franklin’s EZET posted net outflows of $1.68 million; Grayscale’s ETHE reported net outflows of $0.9 million; and Fidelity’s FETH, Bitwise’s ETHW, Invesco’s QETH, and VanEck’s ETHV all recorded zero net inflows for the day.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded net inflows of $305 million yesterday, marking a significant rebound from the previous day’s net outflows of $124 million on April 8. Among them, BlackRock’s IBIT accounted for $269 million in net inflows—over 80% of the day’s total; Morgan Stanley’s MSBT saw $14.9 million in net inflows; Bitwise’s BITB recorded $11.73 million; Ark Invest’s ARKB brought in $4.78 million; Franklin Templeton’s EZBC added $2.08 million; and VanEck’s HODL contributed $2.04 million. Fidelity’s FBTC, Invesco’s BTCO, and other products registered zero net inflows that day.
Castle Labs (@castle_labs) published a post stating that the current crypto market is undergoing a profound paradigm shift—speculative models prioritizing extraction are gradually giving way to investment logic oriented toward revenue generation. The article notes that since 2026, the broader crypto market has performed poorly: most assets have seen sustained price declines, ETF funds have continued flowing out, project shutdowns have intensified, and institutional VC investments have grown increasingly conservative. The key catalysts for this shift were last October’s large-scale liquidation event and the ongoing market reflection triggered by gold consistently outperforming Bitcoin. On the revenue data front, among the roughly 5,700 protocols tracked by DeFiLlama, only 3.5% generated over $100,000 in revenue over the past 30 days—and fewer than 1% actually distributed earnings to token holders. The article focuses on top revenue-generating protocols—including Hyperliquid (HYPE), Pumpdotfun (PUMP), Tron (TRON), Sky (SKY), Jupiter (JUP), Aave (AAVE), and Aerodrome (AERO)—analyzing their price-to-sales ratios (P/S) and token holder return metrics. It argues that protocol revenue—and its capacity to feed value back to token holders—is becoming the core metric investors use to evaluate and select projects. Regarding institutionalization trends, traditional financial giants—including NYSE, Robinhood, BlackRock, and Franklin Templeton—
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded a net inflow of $13.84 million. The breakdown by issuer is as follows: BlackRock’s staked ETHB saw a net inflow of $44.3 million; 21Shares’ TETH recorded a net inflow of $1.98 million; BlackRock’s ETHA experienced a net outflow of $20.67 million; Grayscale’s ETHE posted a net outflow of $6.11 million; Grayscale’s Mini ETH had a net outflow of $5.66 million; Fidelity’s FETH, Bitwise’s ETHW, Invesco’s QETH, Franklin’s EZET, and VanEck’s ETHV all registered zero net flow for the day.
According to data from Trader T (@thepfund), yesterday’s Bitcoin spot ETFs saw a net outflow of $124 million. The breakdown by issuer is as follows: BlackRock’s IBIT recorded a net inflow of $40.67 million; Fidelity’s FBTC saw a net outflow of $79.12 million; Ark’s ARKB experienced a net outflow of $74.7 million; Grayscale’s GBTC had a net outflow of $11.1 million; Bitwise’s BITB, Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, VanEck’s HODL, WisdomTree’s BTCW, and Grayscale’s mini BTC all registered zero net flow for the day.