Cryptocurrency Markets: July 16 Spot ETP Flows: Mixed Daily Flows Net to $53mn Supported by BTC ETPs‘ Inflows; Yesterday Drove Weekly Flows Positive, Now $8mn WTD

Research evidence excerpt

Cryptocurrency Markets: July 16 Spot ETP Flows: Mixed Daily Flows Net to $53mn Supported by BTC ETPs‘ Inflows; Yesterday Drove Weekly Flows Positive, Now $8mn WTD

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

17 July 2026

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Cryptocurrency Markets

July 16 Spot ETP Flows: Mixed Daily Flows Net to

$53mn Supported by BTC ETPs’ Inflows; Yesterday

Drove Weekly Flows Positive, Now $8mn WTD

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

of $79mn and net redemptions of $28mn, respectively, on Thursday, July 16, 2026. Exchanges

We estimate the U.S. spot Solana ETPs reported net inflows of $2mn yesterday. Kenneth B. Worthington, CFA AC

(1-212) 622-6613

U.S. Spot Bitcoin ETP Flows kenneth.b.worthington@jpmorgan.com

Madeline Daleiden

We estimate U.S. spot Bitcoin ETP preliminary net sales of $79mn on Thursday, (1-212) 622-4911

July 16, 2026with just three vehicles contributing. BlackRock’s IBIT and madeline.daleiden@jpmchase.com

Fidelity’s FBTC attracted a similar $33mn and $31mn, respectively, driving the Michael Cho

group’s net sales. Also supporting group flows was Bitwise’s BITB, which (1-212) 622-3619

gathered $15mn. Bitwise’s spot price declined 1.3% yesterday, per Bloomberg michael.cho@jpmchase.com

pricing; consequently, the group’s total notional trading volumes also declined J.P. Morgan Securities LLC

sequentially and totaled $998mn yesterday, still well below the running daily