The crypto market, as tracked by the CoinDesk 20 Index, jumped over 21% in July.

What to know:

  • U.S.-listed crypto $ETFs attracted $12.8 billion in July, marking the strongest monthly inflow to date.

  • BlackRock’s iShares $BTC Bitcoin Trust (IBIT) now manages over $86 billion, surpassing major funds like IVV and IWM.

  • The SEC's recent approval of in-kind creation for crypto ETFs is expected to attract even more institutional investment.

Crypto exchange-traded funds on U.S. exchanges recorded their strongest month ever in July, attracting

$12.8 billion in net inflows as investor enthusiasm surged alongside rising token prices and optimism around regulation.

The data, reported by Bloomberg Intelligence’s Eric Balchunas, marks a new monthly record for the sector. The only month that came close was November 2024, when markets rallied on the election of Donald Trump, who was widely viewed as favorable to crypto interests.

Much of the action centered around BlackRock’s iShares $BTC Bitcoin Trust (IBIT), which has quietly grown into a financial giant. With over $86 billion in assets, IBIT now outpaces established ETFs like the S&P 500-tracking IVV and the Russell 2000’s IWM. The fund’s higher fee structure makes it more lucrative for BlackRock than even its flagship equity products.