US-listed spot Bitcoin exchange-traded funds closed April 2026 with their strongest monthly inflows of the year, drawing $1.97 billion in net new capital as Bitcoin posted a 12% gain over the same period. The figure surpassed March's $1.37 billion and brought cumulative net inflows to the products since their launch to more than $58 billion, according to data from SoSoValue.

BlackRock Leads as Grayscale Sees Outflows

BlackRock's iShares Bitcoin Trust ETF was the dominant driver of April's gains, generating approximately $2 billion in net inflows over the month with no single day of outflows recorded. The Morgan Stanley Bitcoin Trust ETF, which began trading on April 8, contributed around $194 million in inflows, adding to the competitive landscape among institutional-grade Bitcoin products.

Grayscale Investments' Bitcoin Trust ETF was the month's largest loser, recording net outflows of approximately $280 million. Despite the late-month redemptions of around $490 million across three days, the overall April balance remained firmly positive, with inflows in March and April offsetting outflows recorded in January and February. Year-to-date net inflows for Bitcoin ETFs now stand at approximately $1.47 billion.

Ether ETFs Post First Monthly Gain Since October 2025

The positive trend extended beyond Bitcoin. Ether ETFs recorded their first monthly inflow since October 2025, drawing $356 million in April. The products nonetheless remain in negative territory for the year, with approximately $413 million in net outflows across the first four months of 2026. Cumulative net inflows since launch stand at around $11.9 billion, according to SoSoValue.

XRP funds also gained momentum in April, logging $81.6 million in inflows, their strongest monthly performance since December 2025. Dogecoin ETFs recorded $2 million in inflows, while Solana ETFs drew $38.7 million, the smallest monthly total on record for those products.

Institutional Disclosures Ahead as 13F Season Approaches

April's data arrives ahead of the 13F filing season in May, when major financial institutions will disclose their holdings in crypto ETFs for the first quarter of 2026. These filings are expected to provide a clearer picture of how institutional capital has been allocated across Bitcoin and other digital asset products in recent months, and may offer further evidence of the deepening integration of crypto ETFs into mainstream investment portfolios.

Bitcoin's 12% monthly gain in April marked its strongest performance since April 2025, when it rose more than 14%. The convergence of strong ETF inflows and price appreciation reflects a period of renewed institutional confidence in the asset, even as broader market conditions remain subject to macroeconomic uncertainty.