July 28 Bitcoin ETF Outflows Extend to Four Days

• Spot Bitcoin ETFs posted $49.75 million in net outflows on July 28.
• Spot Ethereum ETFs attracted $14.53 million in net inflows.
• Morgan Stanley Ethereum Trust (MSSE) officially began trading on NYSE Arca.

According to SoSoValue, July 28 Bitcoin ETF outflows reached $49.7544 million, marking the fourth consecutive trading day of net withdrawals from U.S. spot Bitcoin exchange-traded funds.

The continued outflows suggest that some investors remain cautious toward Bitcoin in the short term. While daily ETF flows often fluctuate, four straight sessions of net withdrawals indicate a period of weaker institutional demand compared with recent weeks.

Despite the selling pressure in Bitcoin funds, investor interest in other digital asset products remained positive.

Unlike Bitcoin, spot Ethereum ETFs recorded $14.53 million in net inflows on July 28, extending the trend of investors allocating fresh capital to Ethereum-focused investment products.

The positive inflows highlight continued institutional interest in Ethereum as market participants seek regulated exposure to the second-largest cryptocurrency. The contrast between Bitcoin outflows and Ethereum inflows may also suggest selective positioning rather than a broad withdrawal from digital asset ETFs.

Adding to the day’s developments, the Morgan Stanley Ethereum Trust (MSSE) officially began trading on NYSE Arca.

The launch represents another milestone for Ethereum investment products, providing investors with an additional regulated vehicle to gain exposure to the cryptocurrency. Market observers will be watching whether the new listing contributes to stronger inflows into Ethereum-related funds in the coming weeks.

With Bitcoin ETFs experiencing four consecutive days of outflows while Ethereum products continue attracting fresh capital, investors will closely monitor upcoming ETF flow data to determine whether this trend persists.