August: Global Crypto ETPs Record $6.1B Inflows

Global crypto exchange‑traded products recorded $6.10 billion of net inflows in August, raising total assets under management to $155.0 billion after a sharp rally in mid‑month. A diversified top‑20 index rose 26.48% in the month, and a top‑five index gained 26.34%. Bitcoin climbed 25.04% and ether rose 32.62%, with most gains concentrated in three trading sessions between Aug. 19 and 21 when bitcoin moved from roughly $64,700 to about $78,300.

Inflows were concentrated in bitcoin‑ and ether‑linked products. Bitcoin‑linked ETFs and ETPs received $3.31 billion in net new money, bringing bitcoin category AUM to $120.6 billion and accounting for 77.8% of global crypto ETP assets. Ethereum‑linked products attracted $1.75 billion, closing the month with $20.6 billion in AUM. On a flow‑relative‑to‑AUM basis, ether inflows equaled about 8.5% of the category’s closing assets versus roughly 2.7% for bitcoin.

New single‑asset listings saw rapid adoption. A newly listed Zcash product recorded $326.4 million of net inflows and ended August with $354.9 million in AUM. Other altcoin‑linked vehicles that collected notable inflows included XRP‑linked products with $190.9 million (AUM $2.94 billion), Solana products with $189.4 million (AUM $3.31 billion), Hyperliquid‑linked products adding $83.2 million across 10 vehicles (AUM $542 million), and Chainlink products with $27.9 million (AUM $240 million).

Flows were heavily weighted to the Americas. US‑listed products accounted for $5.82 billion of the month’s inflows, and total Americas inflows were about $5.86 billion. US‑domiciled vehicles closed August with $130.7 billion in AUM, about 84.3% of the global total. Europe recorded roughly $211 million of net inflows and held $17.08 billion in regional AUM; Germany led European inflows with $78.6 million (AUM $2.10 billion), followed by Switzerland at $55.8 million (AUM $4.80 billion), Jersey $49.3 million (AUM $4.85 billion), Ireland $33.5 million and Liechtenstein $15.2 million. Sweden registered net redemptions of $18.6 million. APAC inflows were about $24.8 million, led by Australia with $13.2 million (AUM $718 million) and Hong Kong with $11.0 million (AUM $645 million); regional AUM in APAC stood at $1.39 billion.

By currency, US‑dollar denominated products recorded $6.02 billion of net inflows and closed the month with $145.9 billion in AUM. Canadian‑dollar products added $51.5 million (AUM $5.02 billion). Euro‑denominated funds added $13.9 million (AUM $1.52 billion) and Australian‑dollar funds added $13.2 million (AUM $718 million). Swedish kronor saw net redemptions of $5.4 million (AUM $1.75 billion).

Top funds by net flows in August included the iShares Bitcoin Trust ETF with $2.82 billion of inflows and $61.4 billion in AUM, the iShares Ethereum Trust ETF with $1.32 billion (AUM $8.63 billion), the Zcash ETF with $326.4 million (AUM $354.9 million), the Fidelity Wise Origin Bitcoin Fund with $276.8 million (AUM $13.9 billion) and the Grayscale Bitcoin Mini Trust ETF with $202.5 million (AUM $4.87 billion).

Market activity behind the price and flow moves included large forced liquidations. About $2.7 billion of bearish crypto positions were liquidated in the 24 hours to Aug. 20, the largest single‑day total on record; shorts represented roughly 92% of those liquidations and bitcoin experienced its first billion‑dollar day of short liquidations. The US Treasury increased its bond buyback program from $2 billion to $4 billion during the month. Perpetual‑futures funding trackers showed BTC perpetual funding on one major exchange remained close to a 0.01% eight‑hour baseline through August. Spot ETP inflows of $6.10 billion followed the liquidations and lifted reported AUM.

Data reflect fund and index tracking methodologies that count a fund’s first AUM on listing as its initial inflow; methodology differences can produce variation from other tallies. The figures in this report come from market index and fund‑tracking sources covering ETF and ETP flows and cryptocurrency prices.