Global crypto exchange-traded products brought in $600 million in net inflows in July, their first positive month since April, according to a monthly flows report published by 21Shares on Aug. 10.
Ether products took the largest share of July inflows
Ether-native products accounted for $350 million of the July total, roughly twice the $176 million that went into bitcoin-native products.
XRP products added $34 million, Solana products added $13 million, and basket products added $7 million, according to the report. 21Shares cited Bloomberg data for the five largest underlyings by assets under management.
July broke a two-month run of redemptions
The positive month followed a short but 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 dominated turnover
Even though ether led new creations, bitcoin products remained the center of trading activity. 21Shares estimated global crypto ETP and ETF turnover at $133.3 billion in July. Bitcoin accounted for 78.5% of that total, Ethereum for 11.1%, other assets for 9.1%, and Solana for 1.3%.
The report said ether’s lead in flows came from a much smaller trading base, rather than from a broad rotation out of bitcoin products.
21Shares linked the rebound to July price performance
21Shares analyst Matt Mena connected the change in flows to July price action. He wrote 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 outperformed bitcoin with a 19% gain during the month.
Mena 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.
U.S. spot ether ETFs kept attracting money in early August
The buying in ether products continued after the report’s cutoff date. Farside Investors’ daily data for U.S. spot ether ETF flows showed an $11.9 million net outflow on Aug. 3, followed by 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.
The Defiant had previously reported that spot bitcoin and spot ether ETFs reversed a streak of weekly outflows.