Key Highlights
- Crypto ETFs recorded around $200 million in combined inflows this week.
- Ethereum ETFs led weekly inflows with around $105.4 million, followed by Bitcoin ETFs with $75.67 million.
- DOGE ETFs attracted $10.03 million, while HYPE ETFs recorded $7.26 million in outflows.
Crypto exchange-traded funds (ETFs) recorded around $200 million in combined inflows this week as investors returned into the market with new funds.
Bitcoin and Ethereum ETFs led the flows, although the recovery was not spread evenly across the market, with some funds receiving most of the money while others recorded little or no activity.
According to data from SoSoValue, U.S. spot Bitcoin ETFs ended the week with around $75.67 million in flow. Ethereum ETFs saw around $105.4 million in inflow while XRP ETFs saw $6.78 million in inflow.
Some other ETFs also recorded major inflows, Solana ETFs attracted $948k, DOGE ETF saw $10.03 million in weekly inflow.
However, HYPE ETFs saw outflow of around $7.26 million, while some like BNB ETF recorded no inflow at all.
Bitcoin ETF flows remain volatile
Meanwhile, Bitcoin ETF flow remained volatile throughout the week. The products recorded $424.66 million in outflows on July 13 before receiving $181 million the following day.
On July 15, Bitcoin ETFs recorded $107.80 million in inflows, with BlackRock’s IBIT accounting for $80.82 million. On July 16, the category recorded $79.15 million in inflows, with IBIT contributing $33.44 million.
The July 16 inflow marked a third consecutive positive session for U.S. spot Bitcoin ETFs. Total net assets across the Bitcoin ETF market stood at around $77.72 billion, representing approximately 6.04% of Bitcoin’s total market capitalization. Cumulative net inflows across the products reached $51.22 billion.
However, the latest recovery remains small compared with the money that left the market in previous weeks. The products recorded a record $4.5 billion in outflows during June, while an eight-week outflow streak saw more than $8 billion leave the products.
The week ending July 10 then recorded $197.4 million in net inflows, ending that eight-week period of consecutive outflows.
BlackRock’s IBIT remained the largest contributor to Bitcoin ETF flows. The fund recorded $60.353 billion in cumulative net inflows since launching in January 2024. Fidelity’s Bitcoin ETF had accumulated $9.974 billion in inflows.
Ethereum ETFs attract strong daily inflows
Ethereum ETFs also recorded strong activity during the week. The products attracted around $58.3 million on July 14, and $53.9 million on July 15. On July 17, Ethereum ETFs recorded $36.7264 million in net inflows, with BlackRock’s ETHA receiving $31.679 million,
Ethereum also attracted a large share of the daily inflows on some sessions. On one day, BlackRock’s ETHA received $45.3 million out of $53.8 million that entered Ethereum ETFs, while its smaller ETHB fund received another $4 million.
T. Rowe Price brings a new multi-token ETF
The week also brought a new type of crypto ETF to the market. T. Rowe Price launched its actively managed multi-token crypto ETF, TKNZ, on NYSE Arca on July 16. The fund holds Bitcoin, Ethereum, BNB, Solana, XRP, HYPE and other digital assets.
The fund’s head of digital assets, Blue Macellari, said: “Given the rapidly evolving and potentially volatile nature of crypto assets, active management plays an incredibly meaningful role in this space.”
In short, the week ended with Bitcoin and Ethereum ETFs recording fresh inflows, while Solana and XRP ETFs recorded no movement on July 17.
Also Read: Will XRP Hit $1.50? July’s Biggest ETF Inflows Meet Declining Whale Selling
