Global digital asset Exchange Traded Products hit a record $207.82 billion in assets under management at the end of July, a 17.6% increase from June and the first time the market has closed above $200 billion, according to analysis by Fineqia International Inc (CSE:FNQ, OTC:FNQQF).
Growth significantly outpaced the 9.4% rise in the overall digital asset market capitalization, which climbed from $3.43 trillion to $3.68 trillion in July, reflecting strong net inflows and rising institutional interest in regulated, transparent crypto investment vehicles.
“July was the fourth consecutive month of net inflows into crypto ETPs, with only two months of outflows recorded since the beginning of 2024,” Fineqia senior analyst Matteo Greco noted in the report.
According to Greco, the fact that ETP AUM has grown by 37.7% year-to-date while underlying asset prices have only increased by 10.4% “confirms the surge in institutional demand for crypto-linked investment products in 2025.”
Bitcoin ETPs continue dominance
Bitcoin-backed ETPs maintained their dominance with $170.66 billion in AUM, up 11.2% from $153.43 billion in June. This growth came alongside a 7.9% increase in Bitcoin’s price, which ended July at $115,672.
“The 41.8% premium observed in July for Bitcoin ETPs suggests that, unlike previous months where BTC was the dominant driver of the premium, other assets also contributed significantly to overall growth,” Greco said. He added that Bitcoin remains the largest and most influential component of the ETP space.
Year-to-date, Bitcoin’s price has increased 23.8%, while Bitcoin ETP AUM surged 37%, reflecting a 55.5% premium over price-based gains alone.
Ethereum ETPs see record growth
Ethereum ETPs posted their strongest performance this year, with AUM surging 87.3% to a record $25.07 billion, following a sharp rally in ETH’s price, which rose 47.9% in July to $3,683.
“This shattered the previous record of $16.26 billion set at the end of 2024,” Greco said. He pointed out the 82.3% premium for ETH ETPs in July “reflects a strong return in investor demand,” driven in part by growing institutional focus on digital asset treasuries where Ethereum and select altcoins are gaining attention after Bitcoin led the initial inflow wave.
Elsewhere, altcoin-linked products rebounded with a 34.1% increase in AUM to $6.89 billion, while diversified basket ETPs grew more modestly by 10.2% to $5.21 billion, reflecting a narrowing gap between single-asset altcoin ETPs and diversified baskets.
The data suggests “investors are cautiously reengaging with altcoins while still valuing the risk diversification offered by multi-asset exposure,” Greco said.
Outlook
The July data underscores a strong, sustained shift in investor appetite toward digital asset ETPs, which continue to outpace the growth of the underlying digital asset market. As regulatory clarity improves and new products gain approval, ETPs are increasingly seen as the primary bridge between traditional finance and the cryptocurrency ecosystem.
“Bitcoin remains the anchor of this trend, but Ethereum’s resurgence and increasing flows into altcoin-linked products suggest that the digital asset investment landscape is broadening,” Greco concluded.