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

研报英文原文证据摘录

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

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 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%