Ether Leads Crypto ETP Inflows as July Sees $600M Rebound

July saw a $600 million inflow into global crypto exchange-traded products (ETPs), marking their first positive month since April. This rebound comes after a short but heavy stretch of redemptions in May and June, where $2.5 billion and $4.4 billion left crypto ETPs and ETFs, respectively.

Ether-native products led the way, taking in $350 million, roughly twice the $176 million that went into bitcoin-native products. XRP products added $34 million, Solana products $13 million, and baskets $7 million, according to 21Shares' monthly flows report.

Bloomberg data for the five largest underlyings by assets under management shows that despite ether's flow lead, bitcoin still dominated trading in July, accounting for 78.5% of global crypto ETP and ETF turnover at $133.3 billion. Ethereum accounted for 11.1%, other assets 9.1%, and Solana 1.3%.

21Shares analyst Matt Mena tied the flow turn to July's price action, noting that 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.