Crypto ETFs, ETPs net inflows significantly lower on year at US$303m YTD, but remain second-highest 

GLOBAL crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs) saw year-to-date (YTD) net inflows of US$303 million after booking net outflows of US$556 million in April 2022, according to the latest monthly report by ETFGI.

In a press statement on Monday (May 30), the independent research and consultancy firm noted that YTD inflows were “much lower” than the US$2.69 billion of inflows gathered at this point last year – but remains the second-highest after this comparative figure.

Based on the report, total assets invested in crypto ETFs and ETPs fell by 18.8 per cent to US$13.21 billion as at end-April, from US$16.28 billion as at end-March.

Substantial net inflows booked in April were attributed mainly to top 20 ETFs/ETPs by new net assets, which collectively gathered US$149 million during the month alone.

The largest individual net inflow was contributed by CoinShares FTX Physical FTX Token, which contributed some US$37.9 million to April’s inflows. This was followed by 21Shares Polygon ETP and Hashdex Nasdaq Crypto Index ETF, with the respective inflow contributions of US$20.5 million and US$11.3 million.

As at end-April, there were 140 crypto ETFs/ETPs globally with 441 listings, from 27 providers listed on 17 exchanges across 13 countries. Seventeen new digital asset ETFs/ETPs were launched during the month under review.

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After booking an 8.7 per cent decrease in April 2022, the S&P 500 was down by 12.9 per cent during the first 4 months of the year. Developed markets excluding the US decreased by 6.7 per cent in April, while emerging markets fell by 5.4 per cent.

Deborah Fuhr, managing partner, founder and owner of ETFGI, noted that the weakest among emerging markets were Poland and Peru, which were down 17 per cent and 15.3 per cent respectively, during April.

Turkey and Saudi Arabia gained the most at 7.4 per cent and 5 per cent, respectively.