In July, the US Crypto ETF broke a record of $ 12.8 billion in the net flow, marking its best month so far. Bloomberg’s Senior ETF analyst, Eric Balchunas revealed in a fare post of this milestone. He highlighted that he spoke $ 600 million per day, representing twice at a normal rate. The US Crypto ETF saw a $ 12.8b record in the net flow according to Balchunas, this bounce pushed S&P 500 ETF (VOO). No, every ETF (except for converted trusts) in the Crypto category was drawn into new capital, which reflects the demand of a strong and comprehensive investor. Bitcoin and Atherium led the charge, contributing equally to the total of each month, Bloomberg ETF experts confirm. Balchunas described the performance as the most prominent as Philadelphia Eagles defeated the head of the Canasus City in Super Bowl, who won in Ahad in months, matching such a speed. For reference, Bitcoin ETFS saw $ 6.02 billion in net flow during July, accounting for 47% of $ 12.8 billion. It is a thunder-Best month for Bitcoin ETF, behind February 2024, brought in $ 6.03 billion just after his launch, and November 2024, who offered Donald Trump to $ 6.49 billion after winning the election of Donald Trump. Ethereum ETF also posted a large extent to $ 12.8 billion, in total, its strongest month. In July, he took $ 5.43 billion in the net flow, 42% of the total of the month. This figure crushed the previous record in assets of $ 152.01 billion, which represents 6.56% of the total market cap of bitcoin. Meanwhile, Etreum ETFS controls assets worth $ 21.52 billion, which is equal to 4.77% of the market cap of Ethereum. Bitcoin and atherium value performance in July, despite mass flow flow, both bitcoin and atherium fought to hold their benefits at the end of the month. For example, Bitcoin fell from a peak of $ 120,000 on 22 July and closed the month at $ 115,750. Even with a late dip, it still received 8% overzula, thanks to its string starting broadly. Meanwhile, the atherium improved bitcoin in terms of flexibility, ending the month with 48.76% profit in spite of the same press in the month. Despite this, some investors felt that price action did not reflect large impacts. A market contestant asked Balchunus with the lack of strong price shortage with ETF procurement or with the staging facilities of the atherium. This question often comes to Balchunas. He explained that the US Crypto ETF works with a strict 1: 1 backing, meaning that they actually represent the exact amount of crypto that they represent; No, linding, no synthetic exposure. He emphasized that every dollar in these ETFS connects the director to the real bitcoin or atherium. https://twitter.com/ericbalchunas/status/1951269175218852239 Balchunas also said that butCoin has climbed about 300% as Blackrock had filed for its ETF two years ago, and the demand for ETF played a big role in that increase. He said that some crypto holders can get out of despair for a long time, now wall street and government institutions have embraced bitcoins.
