The rise of assets invested in cryptocurrency exchange-traded funds (ETFs) and exchange-traded products (ETPs) has reached a landmark high of $91.69 billion as of the end of July, according to data from ETFGI, an independent research firm.
Global ETFs ETPs Listed Rises to 235
At present, there are a total of 235 crypto ETFs and ETPs listed globally, with 588 listings, and assets totaling $91.69 billion, across 52 providers listed on 22 exchanges in 16 countries as of July 2024, as highlighted by ETFGI.
The continuous influx of funds to the top 20 ETFs/ETPs by net new assets collectively gathered $13.78 billion in the month of July.
The Grayscale ethereum Trust (ETHE US) secured the largest individual net inflow in July, pulling in $7.11 billion, closely followed by BlackRock’s IBIT ETF.
Grayscale ethereum Trust Sees Largest Inflows
Recent statistics show that spot bitcoin ETFs in the U.S. have experienced eight consecutive days of positive net inflows, signifying a strong investor interest in bitcoin despite recent market fluctuations.
In a single day on Monday, these funds attracted a total of $202.51 million in inflows, indicating a sustained appetite for bitcoin among investors.
The inception of the first crypto ETP, the bitcoin Tracker One-SEK, back in 2015 marked a pivotal moment in the industry. Since then, the sector has evolved significantly, witnessing the entry of major players like BlackRock iShares and Fidelity offering new spot bitcoin ETFs.
July alone saw a substantial increase in net inflows for crypto ETFs and ETPs listed globally, amounting to $13.65 billion, pushing the year-to-date net inflows to $59.25 billion.
This surge in assets invested in cryptocurrency-based financial products points towards a growing acceptance and adoption of digital assets within the traditional financial realm.
As the market for cryptocurrency ETFs and ETPs continues to expand, diversify, and innovate, we anticipate further growth and development in this space, attracting more institutional and retail investors seeking exposure to the digital asset class.
