Crypto Exchange-Traded Funds Log $12.8B in July Inflows, Setting New Record

Crypto ETFs Pull in Record $12.8B in July as Institutional Momentum Builds

U.S.-listed crypto exchange-traded funds (ETFs) saw record-breaking inflows of $12.8 billion in July, driven by renewed investor interest, strong market performance, and regulatory tailwinds.

The figure, reported by Bloomberg Intelligence’s Eric Balchunas, marks the highest monthly inflow on record for crypto ETFs. The previous peak came in November 2024, following Donald Trump’s election victory, which was widely perceived as a win for crypto-friendly policy. This time, however, the surge appears to be fueled more by structural developments and asset performance than politics.

The broader digital asset market surged in July, with the CoinDesk 20 Index climbing over 21%. Bitcoin rose 7% during the month, hitting a new all-time high of $122,408 before settling near $115,240 by month’s end.

Leading the inflow wave was BlackRock’s iShares Bitcoin Trust (IBIT), which has grown into a dominant force in the ETF landscape. With over $86 billion in assets, IBIT now outpaces legacy funds like IVV and IWM, and its higher fee structure makes it among BlackRock’s most lucrative offerings.

Regulatory momentum also played a key role. The SEC’s recent approval of in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs is expected to boost operational efficiency and attract deeper institutional participation. The mechanism allows firms to swap assets without triggering taxable events, easing liquidity management and reducing friction for large-scale investors.

Together, the influx of capital, market gains, and regulatory clarity point to growing confidence in crypto as a mainstream asset class — with ETFs quickly becoming the preferred vehicle for institutional exposure.