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Analysts: U.S. cryptocurrency ETFs raised $12.8 billion in July, setting a new historical record.
PANews, August 1st news - Bloomberg ETF analyst Eric Balchunas stated on the X platform that in July, US Crypto Assets ETFs attracted $12.8 billion, setting a record for the best single month in history, with funds being attracted at a rate of $600 million per day, which is about twice the average level. Overall, the amount attracted exceeded that of any single ETF, even the strong VOO could hardly reach it. Moreover, every ETF in this category (excluding converted trusts) had inflows, with contributions from Bitcoin and Ethereum being comparable.