Investments in Crypto ETFs and ETPs Reach All-Time High of $91.69 Billion, According to ETFGI

Assets allocated to cryptocurrency exchange-traded funds (ETFs) and exchange-traded products (ETPs) have reached an unprecedented peak of $91.69 billion by the end of July, as reported by ETFGI, an independent research organization.

ETFGI highlights that assets have surged by 506.4% throughout 2024, rising from $15.12 billion at the close of 2023 to $91.69 billion.

The inaugural crypto ETP, Bitcoin Tracker One-SEK, was introduced in 2015. Since that time, the variety and number of products have consistently expanded. This was the first Bitcoin-based security offered on a regulated exchange. The industry has evolved significantly since then, with major players like BlackRock iShares and Fidelity entering the market with new spot Bitcoin ETFs.

In July alone, crypto ETFs and ETPs worldwide attracted net inflows of $13.65 billion, bringing the total year-to-date net inflows to $59.25 billion.

Global ETFs ETPs Listed Rises to 235

As of the end of July 2024, there are 235 crypto ETFs and ETPs listed globally, with a total of 588 listings and assets amounting to $91.69 billion, from 52 providers across 22 exchanges in 16 countries, according to ETFGI.

The inflows are largely driven by the top 20 ETFs/ETPs by net new assets, which collectively attracted $13.78 billion in July.

The Grayscale Ethereum Trust (ETHE US) secured $7.11 billion, marking the largest individual net inflow for July, as noted by ETFGI, closely followed by BlackRock’s IBIT ETF.

Grayscale Ethereum Trust Sees Largest Inflows

Recently, spot Bitcoin ETFs in the U.S. have recorded their eighth consecutive day of positive net inflows.

On Monday alone, these funds garnered a total of $202.51 million in inflows, reflecting ongoing investor interest in Bitcoin despite recent market volatility.

The post Assets Invested in Crypto ETFs and ETPs Soar to Record High of $91.69B: ETFGI appeared first on Cryptonews.