Spot Bitcoin ETF continues to net outflows, while Ethereum ETF bucked the trend to attract gold.
On July 28, spot Bitcoin ETF showed a net outflow of US$49.75 million, while spot Ethereum ETF attracted a net inflow of US$14.53 million. On the same day, Morgan Stanley Ethereum Trust (MSSE) was officially listed and traded on the New York Stock Exchange's Arca platform.
According to SoValue data, the net outflow of Bitcoin ETF reached US$49.7544 million on July 28, marking that U.S. spot Bitcoin exchange-traded funds have seen net redemption for four consecutive trading days. The continued outflow indicates that some investors are still cautious about Bitcoin in the short term. Although the daily flow of funds in ETFs often fluctuates, net redemptions for four consecutive days reflect weakening institutional demand compared with recent weeks.
Despite selling pressure on Bitcoin funds, investor interest in other digital asset products remains positive.
Ethereum ETF maintains positive growth
Unlike Bitcoin, the spot Ethereum ETF recorded a net inflow of US$14.53 million on July 28, continuing the trend of investors allocating new funds to Ethereum-related investment products. These positive inflows highlight institutional interest in Ethereum, as market participants seek regulated ways to access the second-largest cryptocurrency. The comparison of Bitcoin outflows with Ethereum inflows may also indicate that investors are making selective deployments rather than withdrawing from digital asset ETFs altogether.
Morgan Stanley Ethereum Trust officially debuts
Another important development that day was that Morgan Stanley's Ethereum Trust (MSSE) was officially listed and traded on the Arca platform of the New York Stock Exchange. This move marks another big step forward for Ethereum investment products, providing investors with another regulated cryptocurrency investment tool. Market observers will be watching closely to see whether this newly listed product will drive increased inflows to Ethereum-related funds in the coming weeks.
As Bitcoin ETFs experience capital outflows for four consecutive days and Ethereum products continue to attract new funds, investors will closely track subsequent ETF capital flow data to determine whether this trend can continue.

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