Cryptocurrency Markets: July 17 Spot ETP Flows: Friday Gathers Net Sales of $169mn, Led by BlackRock Products IBIT, ETHA; Week Ends with Net Inflows of $178mn

Research evidence excerpt

Cryptocurrency Markets: July 17 Spot ETP Flows: Friday Gathers Net Sales of $169mn, Led by BlackRock Products IBIT, ETHA; Week Ends with Net Inflows of $178mn

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

20 July 2026

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Cryptocurrency Markets

July 17 Spot ETP Flows: Friday Gathers Net Sales of

$169mn, Led by BlackRock Products IBIT, ETHA; Week

Ends with Net Inflows of $178mn

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

of $132mn and $37mn, respectively, on Friday, July 17, 2026. We estimate that the Exchanges

U.S. spot Solana ETPs reported no net new flows on Friday. 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 $132mn on Friday, July (1-212) 622-4911

17, 2026. BlackRock’s IBIT drove these net sales with $137mn in net inflows. madeline.daleiden@jpmchase.com

Offsetting these flows were marginal net outflows of $4mn out of Fidelity’s FBTC. Michael Cho

No other vehicle we track posted net new flows on Friday. Aggregated net assets (1-212) 622-3619

were more-or-less flat at $77,721mn, as Bitcoin posted no material price change michael.cho@jpmchase.com

intra-session on Friday but is now tracking higher towards $64.6k at time of J.P. Morgan Securities LLC

publication, per Bloomberg pricing. The group’s total notional trading volumes