Spot Ethereum ETFs broke their longest-ever outflow streak in April, attracting $356 million in positive flows after five consecutive months of redemptions totaling over $2.5 billion. Meanwhile, spot Bitcoin ETFs recorded their best month since October, with nearly $2 billion in inflows during April as Bitcoin’s price rose almost 12%, turning year-to-date flows positive at $1.5 billion. BlackRock and Fidelity remain the dominant providers for both Bitcoin and Ethereum ETF products.
April 2026 marked a significant reversal for cryptocurrency exchange-traded funds, ending a period of sustained outflows. Data from SoSoValue shows spot Bitcoin ETFs attracted just shy of $2 billion last month, their strongest performance since October 2025, while the underlying asset posted a near 12% surge.
This positive April followed a March that snapped a four-month outflow streak for Bitcoin ETFs, with inflows of $1.32 billion. The consecutive green months have reversed the year-to-date figures, with cumulative flows for 2026 now standing at almost $1.5 billion. BlackRock’s IBIT remains the undisputed leader in terms of overall flows, followed closely by Fidelity’s FBTC.
For spot Ethereum ETFs, April ended a historic five-month negative streak where investors pulled over $2.5 billion from the products. November saw the heaviest outflows at $1.42 billion, followed by consistent withdrawals through March. Last month finally brought a net inflow of $356 million, though the year-to-date performance remains negative by over $410 million.
As with the Bitcoin funds, BlackRock’s ETHA product is the market leader for Ethereum ETFs, with Fidelity’s FETH following. The flows data indicates a potential shift in investor sentiment for both major cryptocurrency investment vehicles as the market environment improves.
