Global crypto exchange-traded products pulled in a net $600 million in July, the first positive month since April, according to a report from 21Shares published Monday. Ether-native products led the way with $350 million in net inflows, while Bitcoin-focused products added $176 million.
Ether outpaces Bitcoin
The ether numbers are the standout. More than half of July's net inflows went into products tracking ether, while bitcoin products accounted for just under a third. That means ether products drew roughly twice as much as bitcoin products during the month.
The split is a change from the pattern seen earlier this year, when bitcoin products typically took the lion's share of flows. The report doesn't say what drove the shift, but the data covers products from multiple issuers across global markets.
First positive month since April
The July figure ends a three-month stretch without net inflows. The last positive reading came in April, according to the report. The report doesn't break down what caused the turnaround, but the numbers suggest some investors are coming back to the space after a quiet period.
It's a modest reversal, not a flood. The $600 million is a fraction of the billions that flowed into crypto ETPs during the 2021 bull run, but it's a clear change in direction.
The 21Shares data
21Shares published the figures on August 10. The firm tracks exchange-traded products that hold crypto assets directly, including those from competitors. The $600 million net inflow is the first positive monthly figure since April, and ether products led the way.
Whether the momentum carries into August is an open question. The next monthly data from 21Shares will show if the July inflows were a one-off or the start of a longer trend.
