$XRP ETH ETF Finally Stops the Bleeding: Who’s Quietly Buying Behind the $356 Million Inflow? Over the past 6 months, everyone across the whole web has been saying, “Institutions are abandoning Ethereum.” I believed that too. Until I looked at the data for April. Bitcoin spot ETF: monthly net inflow of $2.1 billion (the highest single month in 2026, and a 9-month consecutive inflow record) Ethereum ETF: monthly net inflow of $356.5 million (ending 6 months of continuous net outflows) XRP ETF: monthly net inflow of $81.59 million (a strong rebound from the net outflow in March) The three major assets turned positive at the same time. This isn’t a coincidence. It’s a flare gun signaling a narrative reversal. Over the past 6 months, everyone has been saying, “Institutions are abandoning Ethereum.” So who is buying this $356 million? I’ve come up with three possibilities: 1. Traditional finance is finally leaning into the “RWA” leg Big players like BlackRock won’t say it out loud, but their actions are honest. The tokenization of U.S. Treasuries, private credit, and commodities on Ethereum—this is the business on Wall Street that people can truly understand. Back then, people thought ETH was “casino chips”; now they realize it’s an “asset registry.” 2. Rebalancing after Bitcoin profit-taking How much has BTC risen from the beginning of the year? Big institutions won’t just keep holding it still forever. Sell a bit of high-priced BTC, then buy lagging ETH and XRP—this is “peak shaving and valley filling,” a standard institutional assignment. 3. Laying groundwork early for favorable May regulation On May 8th, the Non-Farm Payroll data, plus the schedule for bill markup (involving token classification). What if the bill clearly states that “ETH is not a security”? Then today’s price would be the bottom of the gold range. With XRP also seeing a simultaneous net inflow, it verifies a painful truth: “Non-BTC assets aren’t unwanted—there were just no catalysts before.” Once the fog of regulation clears, capital will swarm in like sharks that smell blood. “Institutions aren’t no longer into copycats; institutions just don’t like uncertainty.” “Those $356 million in ETH aren’t bottom-fishing—it’s correcting a mistake.” Is the ETH/BTC rate going to bottom out? I don’t know. But I know one thing: An asset that has seen net outflows for 6 consecutive months suddenly turns into net inflows—this is often one of the characteristics of the bottom region in financial history.#美国寻求战略比特币储备 $BTC $ETH

ETH ends 6 months of net outflows, XRP also turns positive, the three major assets resonate—there's something going on, keep a close eye on the May non-farm payrolls and the CLARITY Act.

In April, crypto ETFs fully turned positive, with institutional funds sounding the horn for an attack In April, the crypto ETF market delivered the strongest monthly performance since 2026, with the three major mainstream assets simultaneously achieving monthly net inflows, signaling clear institutional investment entry. Bitcoin spot ETFs saw a monthly net inflow of $2.1 billion, reaching a new high for the year, and from April 14-24, they set a strong record of nine consecutive days of net inflows, injecting ample liquidity into the market. Ethereum ETFs ended a six-month streak of continuous net outflows, announcing a strong comeback with a net inflow of $356.5 million; XRP ETFs also emerged from the sluggish net outflows in March, recording a monthly net inflow of $81.59 million. The data for the three major assets turned positive simultaneously, forming a rare resonance of capital. As of the data release, BTC price stood above $78,324, and the strong capital flow directly boosted market confidence recovery. Behind this wave of capital reflow are multiple positive factors resonating: the gradual clarification of the US crypto regulatory framework, institutional optimism about the supply and demand dynamics of BTC after the halving, and the easing of policy uncertainty surrounding Ethereum ETFs. The market has shifted from previous volatility and bottoming out to a rebound led by institutional funds, with continuous ETF inflows serving as the most direct indicator. Future market focus should be on two key nodes: the non-farm payroll data on May 8, which will influence Federal Reserve policy expectations, and the markup process of the Senate’s CLARITY Act, which will determine the long-term compliance path for the industry. Against the backdrop of sustained positive capital flow, the structural trend in the crypto market is expected to continue, but macro policies and regulatory developments will remain key variables influencing short-term volatility. #比特币ETF期权持仓限额增4倍 [@Gate广场_Official](gt://mention/ARAbClhcBQNwWRIVGAoGBB5QX1sO0O0O)