Summary
- $12.8 billion flowed into US crypto ETFs in July, setting a new monthly record for fund inflows.
- The main driver of this inflow was improvements in market fundamentals.
- BlackRock's IBIT led the bull market, with its assets under management surpassing $86 billion.
On the 1st (local time), the crypto-specialized media outlet CoinDesk reported that a total of $12.8 billion (about ₩17 trillion) flowed into cryptocurrency ETFs listed on the US stock market in July, setting a new monthly record for fund inflows.
This is comparable in scale to the bull market that emerged after Donald Trump was elected President in November 2024. However, this recent inflow is analyzed to have been primarily driven by improvements in market fundamentals rather than political factors.
According to the report, the overall crypto market rose 21% in July, with Bitcoin (BTC) climbing 7% to reach an all-time high of $123,218.
This bull run was led by BlackRock's Bitcoin spot ETF 'IBIT.' IBIT's assets under management (AUM) surpassed $86 billion, overtaking the S&P 500 ETF (IVV), and, thanks to a high fee structure, has significantly contributed to BlackRock's profitability.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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