Crypto ETFs Surge to Historic Inflows of $12.8 Billion in July Amid Market Optimism
The cryptocurrency market experienced a significant boost in July, driven by record inflows into exchange-traded funds (ETFs).
During July, U.S.-listed cryptocurrency exchange-traded funds (ETFs) saw an impressive influx of $12.8 billion, marking the highest monthly entry recorded. This surge was stimulated by a renewed investor fervor as token prices escalated alongside improving sentiment regarding regulatory matters.
Key Highlights:
- ETF Inflows: U.S.-listed crypto ETFs garnered $12.8 billion during July, setting a new record.
- BlackRock’s Growth: The iShares Bitcoin Trust (IBIT) from BlackRock has surpassed $86 billion in assets under management, outpacing significant funds like IVV and IWM.
- Regulatory Changes: The recent decision by the SEC allowing in-kind creations for crypto ETFs is anticipated to draw additional institutional investments.
The data reflects shifts in investor sentiment, as the cryptocurrency market, according to the CoinDesk 20 Index, rallied by over 21% in July. Bitcoin alone rose by 7%, reaching a peak of $122,408 during the month. This record-setting surge emphasizes the growing prominence of crypto ETFs, with BlackRock’s IBIT leading the charge, alongside significant changes welcomed by regulatory frameworks.
