Spot Bitcoin ETFs recorded $49.75 million in net outflows on July 28, while spot Ethereum ETFs saw $14.53 million in net inflows. Morgan Stanley Ethereum Trust (MSSE) also 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 indicate that some investors remain cautious toward Bitcoin in the short term. Although daily ETF flows can fluctuate, four straight sessions of net withdrawals point to a period of weaker institutional demand compared with recent weeks. For market watchers, ETF flow data remains one of the clearest real-time indicators of how investor allocations are shifting between major crypto assets, especially as regulated products continue to expand.

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

Ethereum ETFs Remain in Positive Territory

In contrast with Bitcoin, spot Ethereum ETFs recorded $14.53 million in net inflows on July 28, extending a trend of fresh capital flowing into Ethereum-focused investment products.

The positive inflows point to continued institutional interest in Ethereum as market participants seek regulated exposure to the second-largest cryptocurrency. The divergence between Bitcoin outflows and Ethereum inflows may also reflect selective positioning rather than a broad retreat from digital asset ETFs. As more listed products become available, flow patterns can offer a useful read on where investors are choosing to express exposure through traditional market structures.

According to SoSoValue data, spot Bitcoin ETFs recorded $49.7544 million in net outflows on July 28 (ET), marking the fourth consecutive day of net outflows. Spot Ethereum ETFs saw $14.53 million in net inflows. In addition, Morgan Stanley Ethereum Trust (MSSE) officially began… pic.twitter.com/CDtagxixtA — Wu Blockchain (@WuBlockchain) July 29, 2026

According to SoSoValue data, spot Bitcoin ETFs recorded $49.7544 million in net outflows on July 28 (ET), marking the fourth consecutive day of net outflows. Spot Ethereum ETFs saw $14.53 million in net inflows. In addition, Morgan Stanley Ethereum Trust (MSSE) officially began… pic.twitter.com/CDtagxixtA

Morgan Stanley Ethereum Trust Debuts

Morgan Stanley Ethereum Trust (MSSE) officially began trading on NYSE Arca, adding another milestone for Ethereum investment products and offering investors an additional regulated vehicle for cryptocurrency exposure.

Market observers will be watching whether the new listing helps drive stronger inflows into Ethereum-related funds in the coming weeks. The debut also adds to a broader lineup of exchange-traded crypto products that can influence how institutional and retail investors access the asset class through familiar market channels.

With Bitcoin ETFs posting four straight days of outflows and Ethereum products continuing to attract fresh capital, investors will be closely monitoring upcoming ETF flow data to see whether the current pattern persists.