After losing favor with investors in March, funds that directly follow Ethereum—the second most popular cryptocurrency after stablecoins—saw a significant rebound in April, marking their strongest performance since December.
Despite a small increase in April, the asset itself hasn’t shown much improvement, leaving many wondering what will happen next.
Ripple ETFs Back in Green
As an analyst, I’ve been closely watching the spot XRP ETFs, and their start was remarkably strong. They hit a major milestone, pulling in over $1 billion in assets within just a month of launching on November 13th with the XRPC fund from Canary Capital. What’s even more impressive is that, until January 7th, every single day saw more money flowing *into* these ETFs than flowing out.
Increased global instability caused investor interest to drop noticeably. Net inflows decreased from $500 million in December to just $15.6 million in January. February saw a small improvement with $58 million in inflows, but March reversed this trend, marking the first month with net outflows of over $31 million.
SoSoValue data shows several days with no reported activity. While there were a few similar days in April, the month still finished strong with $81.59 million in net inflows. This was the best monthly result since December, though still lower than the records set in November and December.
Overall, investments reached a record high of $1.3 billion on April 29, though they dipped slightly the following day.

XRP Price Struggles
The price of the token has significantly decreased since the launch of the XRP spot ETFs. It initially traded above $2.40 on the first day, but is now struggling to remain above $1.40.
According to popular crypto analyst BATMAN, XRP is at a critical point that will likely determine where its price goes next. It’s currently testing a key trendline, and if the price falls below it, a significant drop is expected. However, XRP is also holding above a bullish trendline, which could lead to further price increases if it continues to do so.
This is a make-or-break level for $XRP
The price is currently supported by its upward trend, but it’s facing a significant test to see if it can maintain this level and rebound.
If it fails, the bearish trend will continue, and a lower low is only a matter of time.
— BATMAN (@CryptosBatman) April 30, 2026
Another analyst, CW, noted that XRP’s current price movement is quite stable, but believes the potential for gains in the futures market is still growing. They expect a significant price increase once this period of stability comes to an end.
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2026-05-03 10:52