Crypto ETFs Smash Records With $12.8 Billion July Inflows | US Crypto News
The post Crypto ETFs Smash Records With $12.8 Billion July Inflows | US Crypto News appeared on BitcoinEthereumNews.com. Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee because the flows into crypto ETFs (exchange-traded funds) in July redefined bullish momentum. While headlines swirl around regulatory developments and macro volatility, institutional capital speaks loudly in a language Wall Street understands: inflows. Crypto News of the Day: Crypto ETFs Outpace VOO and Legacy Funds in July US crypto ETFs recorded $12.8 billion in inflows in July, making it the best month for the category. The average daily intake was around $600 million, double the usual pace. “US Crypto ETFs took in $12.8 billion in July, the best month ever, a $600m/day pace, about double avg. As a group that’s more than any single ETF did, incl the Mighty VOO,” Bloomberg ETF analyst Eric Balchunas wrote in a post. For context, VOO, the Vanguard S&P 500 ETF, is one of the most dominant legacy funds on the market. Crypto ETFs beating it at its own game, even briefly, signals a shifting tide in investor behavior. Moreover, the inflows were not concentrated in one or two standout funds. Balchunas noted that every ETF in the crypto category, excluding the converted trusts, saw net inflows. Bitcoin and Ethereum ETFs led the charge with equal contributions, notable in a space where Bitcoin typically commands most of the spotlight. “This is the most all-around dominant performance since the Eagles ended the Chiefs in the Super Bowl. Will be hard to top,” Balchunas quipped. Beyond the crypto-specific ETF boom, the broader risk appetite also came back. ARK Invest, led by Cathie Wood, had a blowout day. The issuer’s flagship fund ARKK took in $800 million in a single session, its biggest one-day inflow ever. According to Balchunas, that is likely due…
The post Crypto ETFs Smash Records With $12.8 Billion July Inflows | US Crypto News appeared on BitcoinEthereumNews.com.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee because the flows into crypto ETFs (exchange-traded funds) in July redefined bullish momentum. While headlines swirl around regulatory developments and macro volatility, institutional capital speaks loudly in a language Wall Street understands: inflows. Crypto News of the Day: Crypto ETFs Outpace VOO and Legacy Funds in July US crypto ETFs recorded $12.8 billion in inflows in July, making it the best month for the category. The average daily intake was around $600 million, double the usual pace. “US Crypto ETFs took in $12.8 billion in July, the best month ever, a $600m/day pace, about double avg. As a group that’s more than any single ETF did, incl the Mighty VOO,” Bloomberg ETF analyst Eric Balchunas wrote in a post. For context, VOO, the Vanguard S&P 500 ETF, is one of the most dominant legacy funds on the market. Crypto ETFs beating it at its own game, even briefly, signals a shifting tide in investor behavior. Moreover, the inflows were not concentrated in one or two standout funds. Balchunas noted that every ETF in the crypto category, excluding the converted trusts, saw net inflows. Bitcoin and Ethereum ETFs led the charge with equal contributions, notable in a space where Bitcoin typically commands most of the spotlight. “This is the most all-around dominant performance since the Eagles ended the Chiefs in the Super Bowl. Will be hard to top,” Balchunas quipped. Beyond the crypto-specific ETF boom, the broader risk appetite also came back. ARK Invest, led by Cathie Wood, had a blowout day. The issuer’s flagship fund ARKK took in $800 million in a single session, its biggest one-day inflow ever. According to Balchunas, that is likely due…
What's Your Reaction?
