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

研报英文原文证据摘录

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

This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the

territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan.

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