The funds negotiated in exchange for crypto on American exchanges recorded their strongest month in July, attracting $ 12.8 billion in net entries while the enthusiasm of investors jumped in parallel with the rise in tokens prices and optimism around the regulations.
The data, reported by Eric Balchunas de Bloomberg Intelligence, mark a new monthly record for the sector. The only month that got closer was in November 2024, when the markets rallied during the election of Donald Trump, which was largely considered favorable to cryptographic interests.
This time, the increase can be less motivated by politics and more by the fundamentals. The cryptography market, followed by the Coindesk 20 index, jumped 21% in July. Bitcoin
7%pink, exceeding a new summit of $ 122,408 during the month.
A large part of the action was centered on the Ishares Bitcoin trust of BlackRock (Ibit)who has quietly become a financial giant. With more than 86 billion dollars in assets, Ibit now exceeds ETF established like the IVV monitoring the S&P 500 monitoring and the IWM of Russell 2000. The higher cost structure of the fund makes it more lucrative for BlackRock than even its flagship products on actions.
These gains may only be the beginning. Earlier this week, the Securities and Exchange Commission approved the creation and redemption in kind for all Bitcoin ETF and Bitcoin and Ethereum Spot, a technical change that should improve the efficiency and attraction of institutional investors.
For large asset managers, redemptions in kind allow them to exchange cryptographic assets without triggering taxable events or facing liquidity crackles, which makes funds easier and cheaper to manage on a large scale.
