Bitcoin products still took 78.5% of the $133.3 billion traded in global crypto ETPs during July, even as ether led the money coming in.
Global crypto exchange-traded products drew a net $600 million in July, their first positive month since April, 21Shares said in a monthly flows report published Aug. 10.
Ether-native products took $350 million of that, 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 the report, which cites Bloomberg data for the five largest underlyings by assets under management.
The month ends a short but heavy stretch of redemptions. The same Bloomberg-sourced series shows $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 products 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.
