Cryptocurrency Markets: July 30 Spot ETP Flows: Daily Net Sales Accelerate Yesterday ($246mn Combined) as Token Prices Appreciate; WTD Flows Now Positive, Tracking ~ $179mn

Research evidence excerpt

Cryptocurrency Markets: July 30 Spot ETP Flows: Daily Net Sales Accelerate Yesterday ($246mn Combined) as Token Prices Appreciate; WTD Flows Now Positive, Tracking ~ $179mn

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

31 July 2026

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Cryptocurrency Markets

July 30 Spot ETP Flows: Daily Net Sales Accelerate

Yesterday ($246mn Combined) as Token Prices

Appreciate; WTD Flows Now Positive, Tracking ~

$179mn

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

of $233mn and net sales of $13mn, respectively, on Thursday, July 30, 2026. We Exchanges

estimate that the U.S. spot Solana ETPs reported no net new flows 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 $233mn on Thursday, (1-212) 622-4911

July 30, 2026, a consecutive day of net sales. BlackRock’s IBIT gathered $184mn madeline.daleiden@jpmchase.com

yesterday, accounting for ~79% of the group’s daily net flows. Also contributing Michael Cho

positively were Bitwise’s BITB, Fidelity’s FBTC, and Morgan Stanley’s MSBT (1-212) 622-3619

which each attracted $21mn, $15mn, and $7mn, respectively. None of the vehicles michael.cho@jpmchase.com

we follow reported net redemptions yesterday. Altogether, the group’s assets ended J.P. Morgan Securities LLC

yesterday’s session at $78,743mn, up sequentially as Bitcoin gained 2.0%