Crypto ETFs Achieve Record $12.8 Billion Inflows in July
In July, U.S. crypto exchange-traded funds (ETFs) achieved record net inflows of $12.8 billion, driven by rising token prices and regulatory optimism.
- The previous record was from November 2024, during a political rally in crypto markets.
- July saw the crypto market, as per the CoinDesk 20 Index, increase over 21%.
- Bitcoin reached an all-time high of $122,408, rising 7% during the month.
- BlackRock’s iShares Bitcoin Trust (IBIT) now holds over $86 billion in assets, surpassing established ETFs like IVV and IWM.
- Recent SEC approval for in-kind creation and redemption for spot Bitcoin and Ethereum ETFs is expected to enhance efficiency for institutional investors.
- This change allows asset managers to swap crypto assets without triggering taxes or liquidity issues.