Ether Leads Crypto ETP Inflows with $350M in July Rebound

Crypto exchange-traded products (ETPs) rebounded in July with $600 million in inflows, according to a report by 21Shares. This is the first positive month since April.

Ether-native products led the charge, drawing in $350 million, more than twice the $176 million that went into Bitcoin-native products. XRP products added $34 million, while Solana and basket products saw inflows of $13 million and $7 million respectively.

The report cites Bloomberg data for the five largest underlyings by assets under management. 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.

The rebound in ETP inflows comes after a short but heavy stretch of redemptions. In May, $2.5 billion left crypto ETPs and ETFs, followed by $4.4 billion in June, after $2.9 billion of inflows in April. Bitcoin products still dominated trading, accounting for 78.5% of global crypto ETP and ETF turnover in July, with Ethereum at 11.1%.