Outflows from spot Bitcoin ETFs reached $49.7544 million on July 28, extending a four-day streak amid mixed crypto fund flows.
Spot Bitcoin exchange-traded funds recorded net outflows of $49.7544 million on July 28, marking the fourth consecutive day of withdrawals. The outflows contrast with inflows seen in other crypto products during the same period.
Spot Ethereum ETFs attracted $14.53 million in net inflows on the same day. Additionally, the Morgan Stanley Ethereum Trust (MSSE) began trading on NYSE Arca, expanding access to Ethereum exposure for investors.
The divergence in flows highlights shifting investor sentiment between Bitcoin and Ethereum products amid broader market conditions.