Equity ETFs took in €6.62 billion, crypto ETPs lost money
In the week of 27 to 31 July, European crypto ETPs saw a net outflow of €3.8 million while equity funds pulled in billions. Bitcoin held up; Solana and Hyperliquid did not.
Weekly flow figures for the European ETF market are rarely dramatic, but this time they show something the price chart does not: where European investors' money went, and where it left.
The week in one view
Between 27 and 31 July 2026, European equity ETFs took in €6.62 billion and bond funds €1.85 billion. Commodity ETPs gathered €474.6 million, multi-asset products €22.7 million.
Crypto ETPs were the only category in the red: €3.8 million out on a net basis.
Within crypto the picture split
That net figure hides how different it was per token. Ondo attracted €5.6 million, the largest inflow of the group. Bitcoin products added €2.4 million.
On the other side stood the outflows: Solana lost €3.9 million, Hyperliquid €3.7 million and XRP €1.2 million. Bitcoin held its ground while the rest of the basket lost money, which fits a market where investors fall back on the best-known asset when in doubt.
What the amounts do and do not mean
Put the scale side by side. The largest crypto inflow of that week, €5.6 million, is less than one per cent of what the fifth-placed ETF provider took in. Invesco reached €648.9 million, and that was number five. iShares led with €2.75 billion, followed by Amundi at €1.79 billion and Xtrackers at €1.61 billion.
Crypto ETPs remain a small corner of the European market. A week with a few million in outflows is not an exodus, but neither is it evidence of inflows that simply come back.
One week is not a trend
An important caveat: these are figures for five trading days. Weekly flows swing, certainly in a category where a single institutional order can flip the balance. Anyone drawing a conclusion about direction needs several consecutive weeks, not this one.
What this gives you
Flow figures are a different signal from prices. A price tells you what the last buyer paid; a flow figure tells you how much money came in or went out on balance. If you want to know whether institutional Europe is adding or trimming, this weekly overview is more useful than a daily quote.
And for anyone choosing between an ETP and holding directly: an ETP is a custody chain with counterparties, and holding directly is a key you manage yourself. The weekly flows say nothing about which of the two suits you.
Sources: ETF Express, European ETF Market Wrap week 31 of 3 August 2026, based on Trackinsight figures covering 27 to 31 July 2026. Last checked: 5 August 2026.