Assets invested in crypto exchange-traded products listed globally reached a record high of US$91.69bn at the end of July, beating the previous record of $84.69bn at the end of March.
During July Crypto ETPs listed globally gathered net inflows of US$13.65 billion, bringing year-to-date net inflows to US$59.25bn, according to ETFGI’s July 2024 ETF and ETP Crypto industry landscape insights report.
The report also found that global assets in crypto ETPs have increased 506.4% during 2024 rising from $15.12bn at end of 2023 to $91.69bn.
The asset class gathered inflows of $13.65bn during July.
Year-to-date net inflows of $59.25bn are the highest on record. The second highest YTD net inflows was $4.05 Bn for 2021 and third ranked YTD net inflows was $794.02 Mn for 2022.
“The S&P 500 index increased by 1.22% in July and is up 16.70% YTD in 2024. The developed markets excluding the US index increased by 3.37% in July and is up 8.12% YTD in 2024,” said Deborah Fuhr, managing partner of the ETFGI research consultancy.
Ireland (up 6.48%) and Belgium (up 6.42%) saw the largest decreases amongst the developed markets in July.
The emerging markets index increased by 0.57% during July and is up 8.70% YTD in 2024. Greece (up 6.93%) and United Arab Emirates (up 6.18%) saw the largest increases amongst emerging markets in July.
