US cryptocurrency ETFs saw record net inflows of $12.8 billion in July, fueled by #Bitcoin and #Ethereum. US cryptocurrency ETFs saw record net inflows of $12.8 billion in July, their best monthly performance ever. Bloomberg Senior ETF Analyst Eric Balchunas reported this milestone in a recent article. He highlighted that net inflows into ETFs reached an average of $600 million per day, about double the normal rate. Balchunas said this surge enabled these ETFs to collectively outperform any other ETF in the market, including the popular Vanguard S&P 500 ETF (VOO). Notably, all ETFs in the cryptocurrency category (excluding conversion trusts) attracted new money, demonstrating strong and broad investor demand. Bloomberg ETF experts confirmed that Bitcoin and Ethereum led the gains, contributing equally to the month's total inflows. Balchunas called this the strongest month since the Philadelphia Eagles defeated the Kansas City Chiefs in the Super Bowl, adding that maintaining this momentum in the coming months will be challenging. By comparison, Bitcoin ETFs saw net inflows of $6.02 billion in July, representing 47% of the total $12.8 billion in inflows. This made July the third-best month for Bitcoin ETFs, behind only February 2024 ($6.03 billion immediately following its launch) and November 2024 ($6.49 billion following Donald Trump's election victory). Ethereum ETFs also contributed significantly to the $12.8 billion in total inflows, marking their strongest month ever. In July, Ethereum ETFs saw net inflows of $5.43 billion, representing 42% of the month's total inflows. This figure surpassed the previous record of $2.08 billion set in December 2024, demonstrating growing investor interest in Ethereum since the launch of trading in July 2024. With these inflows, Bitcoin ETFs currently hold $152.01 billion in assets, representing 6.56% of Bitcoin's total market capitalization. Meanwhile, Ethereum ETFs hold $21.52 billion in assets, representing 4.77% of Ethereum's market capitalization.