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CryptoUpdated×7•Originally published 1 May 2026•Updated 3 May 2026•

1 min read

Major Shift in Risk Appetite: Bitcoin ETFs Attract $1.97B Inflows in April

Key Facts

1WisdomTree’s crypto ETPs reported net inflows of $137 million during the first quarter.

2Assets under management for the firm's crypto ETPs rose to approximately $1.8 billion during Q1 of this year.

The digital asset ETF market underwent a major positive reversal in April 2026, with Bitcoin ETFs recording massive net inflows of $1.97 billion. BlackRock's IBIT fund emerged as the dominant driver, accounting for $1.7 billion of the total inflows and highlighting its central role in institutional adoption. This resurgence was supported by easing geopolitical tensions and a 12% increase in Bitcoin's price, which helped stabilize broader market confidence. However, despite the bullish momentum, many analysts remain skeptical regarding extreme price targets forecasted by some market participants. This recovery also extended to Ethereum and XRP ETFs, signaling a broader sector-wide rebound. Ultimately, these record figures reinforce the role of regulated ETFs as primary drivers of crypto market liquidity, even as caution persists regarding long-term valuations.

about 1 month ago

Version History

1 additional source confirmed this story

Version 7about 1 month ago

What changed: Added specific details on BlackRock's $1.7 billion inflow share and noted analyst skepticism regarding extreme price targets.

Version 6about 1 month ago

What changed: Added the specific duration of the inflow streak (5 weeks) and linked market stability to easing US-Iran geopolitical tensions.

Version 5about 1 month ago

What changed: Identified the IBIT fund as the primary driver of inflows and established April as the peak performance month for 2026 so far.

Version 4about 1 month ago

What changed: Updated to include new data confirming that spot Ethereum ETFs have ended their prolonged streak of net outflows.

Version 3about 1 month ago

What changed: Updated the story to reflect that inflows expanded to include Ethereum and XRP ETFs alongside Bitcoin.

Version 2about 1 month ago

What changed: Updated the story to reflect the shift from previous outflows to record-breaking monthly inflows of $1.97B in April, noting a 12% price increase.

Version 1about 1 month ago

What changed: Updated the story to reflect recent significant outflows from Bitcoin and Ethereum ETFs, contrasting with the previously reported positive Q1 inflow data.