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Net flow Wed 21 Oct:+$556.5MCumulative:+$75.3BNAV:$129.6BCEFI:60 · GreedFunds:58Assets:16
data for Wed 21 Oct · published Thu 22 Oct 05:48 UTC · T+1
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Monthlydata for Mon 1 Jul – Wed 31 Jul · published Thu 1 Aug 06:30 UTC · By CryptoETF

Crypto ETF Month — July 2024: net +$2.7B

July saw significant net inflows of +$2.7B into crypto ETFs, primarily driven by BTC. ETH recorded outflows, indicating a shift in investor preferences.

Net flow, all assetsInflow+$2.70Bdata for Mon 1 Jul – Wed 31 Jul

Moved most:Bitcoin+$3.2BEthereum-$483.6M

Contents · 8 sections
  1. TL;DR
  2. Net flows by day
  3. Flows by asset and fund
  4. Monthly Overview
  5. Weekly Breakdown
  6. Biggest Fund Moves
  7. Market Interpretation
  8. Conclusion
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Net flows by day

DateNet flow
Mon 1 Jul+$129.5M
Tue 2 Jul−$13.7M
Wed 3 Jul−$20.5M
Fri 5 Jul+$143.1M
Mon 8 Jul+$294.8M
Tue 9 Jul+$216.4M
Wed 10 Jul+$147.4M
Thu 11 Jul+$78.9M
Fri 12 Jul+$310.1M
Mon 15 Jul+$300.9M
Tue 16 Jul+$422.5M
Wed 17 Jul+$53.3M
Thu 18 Jul+$37.2M
Fri 19 Jul+$427.2M
Mon 22 Jul+$485.9M
Tue 23 Jul+$28.6M
Wed 24 Jul−$88.8M
Thu 25 Jul−$121.3M
Fri 26 Jul−$110.9M
Mon 29 Jul+$25.8M
Tue 30 Jul+$15.4M
Wed 31 Jul−$76.9M
Total Net Flow+$2.70B

Flows by Asset

Mon 1 Jul – Wed 31 Jul · as published in this issue

Flows dashboard

Largest inflows

BlackRock (BTC)+$2.3B
Fidelity (BTC)+$785.4M
BlackRock (ETH)+$623.2M
Bitwise (ETH)+$284.5M
Fidelity (ETH)+$279.4M

Largest outflows

Grayscale (ETH)-$2.0B
Grayscale (BTC)-$426.9M
Asset / fundNet flow
Bitcoin BTCinflows +$3.6B · outflows -$426.9M+$3.2B
BlackRock IBIT+$2.3B
Fidelity FBTC+$785.4M
Grayscale GBTC-$426.9M
21Shares ARKB+$182.7M
VanEck HODL+$80.9M
Bitwise BITB+$69.2M
Invesco BTCO+$65.2M
Franklin EZBC+$58.4M
Valkyrie BRRR+$30.5M
Grayscale BTC+$18.0M
WisdomTree BTCW+$1.8M
Ethereum ETHinflows +$1.5B · outflows -$2.0B-$483.6M
Grayscale ETHE-$2.0B
BlackRock+$623.2M
Bitwise ETHW+$284.5M
Fidelity FETH+$279.4M
Grayscale ETH+$200.8M
VanEck ETHV+$51.1M
Franklin EZET+$29.5M
Invesco QETH+$14.2M
21Shares TETH+$10.8M

Fund names and figures as published in this issue.

Monthly Overview

In July 2024, net flows into spot crypto ETFs amounted to +$2.7B, driven primarily by BTC. Only BTC and ETH recorded flows, with BTC seeing a significant inflow compared to ETH's outflow.

Weekly Breakdown

WeekNet flow
Jul 1 – Jul 5+$238.4M
Jul 8 – Jul 12+$1.0B
Jul 15 – Jul 19+$1.2B
Jul 22 – Jul 26+$193.5M
Jul 29 – Jul 31-$35.7M

Biggest Fund Moves

Largest inflows

  • BlackRock (BTC): +$2.3B
  • Fidelity (BTC): +$785.4M
  • BlackRock (ETH): +$623.2M
  • Bitwise (ETH): +$284.5M
  • Fidelity (ETH): +$279.4M

Largest outflows

  • Grayscale (ETH): -$2.0B
  • Grayscale (BTC): -$426.9M

Market Interpretation

Institutional capital appears to have favored BTC, with BlackRock and Fidelity leading inflows of +$2.3B and +$785.4M, respectively. In contrast, ETH experienced substantial outflows, notably from Grayscale, which withdrew -$2.0B. The best-performing day was July 22, with a net inflow of +$485.9M, while the worst day was July 25, reflecting the volatility in ETH positioning. This suggests a rotation of capital away from ETH towards BTC during the month.

Conclusion

The month closed with a total net figure of +$2.7B, indicating a strong preference for BTC among investors. The overall inflow trend highlights a growing confidence in BTC, despite ETH's challenges.

Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.

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Crypto ETF flows by asset, Mon 1 Jul – Wed 31 Jul

Flows dashboard