Global crypto exchange-traded products took in a net $600 million in July, ending two straight months of heavy redemptions. Ether-native products led the rebound with $350 million, roughly twice the $176 million that went into bitcoin-native products, even though bitcoin still handled most of the trading volume.
Global crypto exchange-traded products pulled in a net $600 million in July, their first positive month since April, according to a monthly flows report from 21Shares published Aug. 10. Ether-native products took $350 million of that haul, roughly twice the $176 million that flowed into bitcoin-native products.
XRP products added $34 million, Solana products $13 million and baskets $7 million, according to the report, which cites Bloomberg data for the five largest underlyings by assets under management. That rebound followed a heavy stretch of outflows. The same Bloomberg-sourced series showed $2.5 billion leaving crypto ETPs and ETFs in May and $4.4 billion in June, after $2.9 billion of inflows in April.
Bitcoin still handles most of the trading volume
Bitcoin's crypto ETF lineup still dominated trading even as ether led creations. 21Shares put global crypto ETP and ETF turnover at $133.3 billion in July, with bitcoin accounting for 78.5%, Ethereum 11.1%, other assets 9.1% and Solana 1.3%. Ether's flow lead therefore came off a far smaller activity base rather than a wholesale rotation out of bitcoin products.
Bitcoin, ether and US stocks moved in opposite directions
21Shares analyst Matt Mena tied the flow turn to July's price action: bitcoin closed the month up roughly 8%, its best monthly return since April 2026, while the S&P 500 fell 1% and the Nasdaq 100 fell 7%. Ether outpaced bitcoin with a 19% gain.
He also wrote that U.S. Solana ETFs have drawn roughly $341 million in net flows year to date and have posted positive net inflows every month since launching in November 2025.
Ether ETF inflows continue into August
The ether bid has held past the report's cutoff. Farside Investors' daily series of U.S. spot ether ETF flows showed net inflows of $53.1 million on Aug. 4, $60.8 million on Aug. 5, $92.1 million on Aug. 6 and $49.6 million on Aug. 7, following an $11.9 million outflow on Aug. 3. The Defiant previously reported that bitcoin and ether spot ETFs reversed a weekly outflow streak.
Source: The Defiant
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