Cryptocurrency Markets: July 2 Spot ETP Flows: Shortened Trading Week Ends with Daily Net Sales of $253mn; Weekly Flows Remain in Net Redemptions ($496mn)— No Trading on July 3 Due to U.S. Independence Day

Research evidence excerpt

Cryptocurrency Markets: July 2 Spot ETP Flows: Shortened Trading Week Ends with Daily Net Sales of $253mn; Weekly Flows Remain in Net Redemptions ($496mn)— No Trading on July 3 Due to U.S. Independence Day

J P M O R G A N North America Equity Research

06 July 2026

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Cryptocurrency Markets

July 2 Spot ETP Flows: Shortened Trading Week Ends

with Daily Net Sales of$253mn; Weekly Flows Remain

in Net Redemptions ($496mn)— No Trading on July 3

Due to US. Independence Day

We estimate U.S. spot Bitcoin ETP and U.S. spot ether ETP preliminary net sales Brokers, Asset Managers &

of $221mn and $29mn, respectively, on Thursday, July 02, 2026. We estimate that Exchanges

the U.S. spot Solana ETPs posted net sales of $2mn on Thursday. Note that there Kenneth B. Worthington, CFA AC

were no ETP flows on Friday, July 3, 2026 in observance of the U.S. Independence (1-212) 622-6613

Day federal holiday. kenneth.b.worthington@jpmorgan.com

Madeline Daleiden

U.S. Spot Bitcoin ETP Flows (1-212)madeline.daleiden@jpmchase.com622-4911

We estimate U.S. spot Bitcoin ETP preliminary net sales of $221mn on Thursday, Michael Cho

July 02, 2026, the first day of net daily inflows in 11 trading sessions. Fidelity’s (1-212) 622-3619

FBTC attracted net sales of $166mn which led the group and was followed closely michael.cho@jpmchase.com

behind with net inflows of $92mn by ARKInvest/21Shares’ ARKB. Other single J.P. Morgan Securities LLC

digit contributors are detailed in Table 1 below.