Crypto ETF Month — July 2025: net +$11.4B
July 2025 saw notable net inflows into spot crypto ETFs, with a total of +$11.4B. Bitcoin and Ethereum led the charge in attracting capital from institutional investors.
TL;DR
- Net flow: +$11.4B
- Total inflows: +$11.8B
- Total outflows: -$398.9M
- Strongest day: Jul 10 (+$1.6B) · Weakest day: Jul 1 (-$301.5M)
Monthly Overview
In July 2025, net flows into spot crypto ETFs were positive, totaling +$11.4B. The majority of flows concentrated in Bitcoin (BTC) and Ethereum (ETH), with both assets recording significant inflows.
Flows by Asset
BTC
Net: +$6.0B / Inflow: +$6.4B / Outflow: -$395.7M
| Fund | Flow |
|---|---|
| BlackRock | +$5.2B |
| Fidelity | +$453.7M |
| Grayscale | -$395.7M |
| Grayscale BTC | +$237.7M |
| 21Shares | +$184.0M |
| VanEck | +$147.4M |
| Bitwise | +$138.4M |
| Invesco | +$35.3M |
| Franklin | +$26.6M |
| Valkyrie | +$3.7M |
| WisdomTree | +$3.1M |
ETH
Net: +$5.4B / Inflow: +$5.4B / Outflow: -$3.2M
| Fund | Flow |
|---|---|
| BlackRock | +$4.2B |
| Fidelity | +$599.0M |
| Grayscale ETH | +$459.0M |
| Bitwise | +$102.6M |
| VanEck | +$28.4M |
| Franklin | +$18.8M |
| Invesco | +$3.7M |
| 21Shares | +$3.4M |
| Grayscale | -$3.2M |
Weekly Breakdown
| Week | Net flow |
|---|---|
| Jul 1 – Jul 3 | +$854.7M |
| Jul 7 – Jul 11 | +$3.6B |
| Jul 14 – Jul 18 | +$4.5B |
| Jul 21 – Jul 25 | +$1.9B |
| Jul 28 – Jul 31 | +$476.0M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$5.2B
- BlackRock (ETH): +$4.2B
- Fidelity (ETH): +$599.0M
- Grayscale ETH (ETH): +$459.0M
- Fidelity (BTC): +$453.7M
Largest outflows
- Grayscale (BTC): -$395.7M
- Grayscale (ETH): -$3.2M
Market Interpretation
Institutional positioning showed strong demand for BTC, which received +$6.0B, primarily driven by BlackRock's inflow of +$5.2B. ETH also saw robust interest, with a net flow of +$5.4B, supported by inflows from BlackRock and Fidelity. The worst day of the month, July 1, experienced a net outflow of -$301.5M, suggesting a temporary pullback before the subsequent recovery in flows.
Conclusion
Overall, the month ended positively with a total net figure of +$11.4B. This reflects a strong interest from institutional investors in both BTC and ETH.