Will BTC, ETH, and XRP ETFs return in demand as funds record a 3-month surge?

Nearly $1 billion was floated into spot Bitcoin ETFs last week, but what’s next?

The general improvement in investor sentiment over the past 10 days or so, following the ceasefire announcement between the US and Iran, has been exemplified in terms of deeper net ETF inflows to funds tracking some of the largest cryptocurrencies.

After weeks and even months of despair, spot cryptocurrency ETFs posted their best week since mid-January.

Bitcoin ETFs are making a comeback

SoSoValue data reveals that Friday (April 17) was the best day in terms of net inflows Spot Bitcoin ETFs Since January 14, with just over $663 million entering the funds. Naturally, the largest such product, BlackRock’s IBIT, attracted the most ($284 million), followed by Fidelity’s FBTC with $163.4 million.

This record of several months is likely due to the positive developments at that time on the war front in the Middle East, as the Iranian Foreign Minister and Trump said. Announce Reopening of the Strait of Hormuz.

The week ended with net inflows of $1 billion, the highest five-day performance since the week that ended January 16. Only Monday was in the red, with $291.11 million leaving funds, while $411.50 million, $186.03 million, and $26.05 million entered product on Tuesday, Wednesday, and Thursday, respectively.

ETH ETFs are following suit

the ETFs track the largest altcoins It also ended the week strong, with net inflows of $127.49 million. Furthermore, they are in a 7-day green streak, while last week alone ended with $275.83 million, the single highest level (again) since the week that ended January 16th.

This time, it was Fidelity’s FETH that led the charge, attracting over $84 million, followed by BlackRock’s ETHA ($30.8 million). Grayscale’s ETH came in third place but was far behind with only $5.8 million.

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As we already are I mentioned Yesterday, spot XRP ETFs also hit a three-month high, earning more than $55 million in the past week. Funds tracking Solana’s SOL hit a two-month high, attracting $35.17 million, which fell short of the $4.44 million they earned during the week ending just before the war broke out (February 27).

Although the above numbers are very impressive for all assets, they come on the heels of a decline in tensions in the Middle East. But since then the situation has changed with Trump and Iranian officials Issuing conflicting statements About their negotiations and the status of the Strait of Hormuz.

With only a few days left until the ceasefire agreement, more uncertainty is likely to follow, which could hurt the ever-volatile cryptocurrency industry.